The American company Howmet-Köfém Kft. is expanding its wheel production plant in Székesfehérvár with an investment of HUF 17 billion (EUR 44.7 million). The state is supporting the investment with HUF 5 billion (EUR 13.1 million) and 80 new jobs will be created.
U.S. companies are now the second largest group of investors in Hungary, and the value of bilateral trade exceeded USD 8 billion last year, which is a record. A further increase of 11% is expected this year.