Audi tops out EUR 900m expansion at NW Hungary plant

Budapest, May 11 (MTI) – German car maker Audi held a topping-out ceremony at a 900 million euro expansion at its base in Gyor in northwestern Hungary on Friday.

“Construction work is proceeding at a rapid pace. We are confident of being able to complete the automobile plant on time,” said Thomas Faustmann, the managing director of Audi Hungaria, said at the event.

 

“In its quest for utmost quality and precision, Audi Hungaria has long since become a strong member of the Audi family and makes an enormous contribution to our growth,” said Audi board member for production Frank Dreves.

 

Speaking at the ceremony Hungarian Economy Minister Gyorgy Matolcsy said that with the Audi’s expansion it had been sealed that Hungary, the city of Gyor and Hungarian car manufacturing belonged to the future.

 

He said that Germany had “paradoxically” become one of the key players in the opening towards the east Hungary had been carrying out in its external economic policy as Hungarian achievements “get transferred to countries in the east” integrated in German products.

 

Audi Hungaria managing director for vehicle production Ulrich Minke said Hungarian companies accounted for three-fourths of the work on the expansion. He added that the unit had already hired last year some of the 2,100 people that would work at the expansion.

 

The expansion is to raise output at the base in Gyor to 125,000 cars per year from 2013.