H-1055 Budapest, Honvéd utca 20. • +36 1 872-6520 • www.hipa.hu
PRESS RELEASE
Budapest, 19 October 2015
Audi announces a new investment worth billions of HUF in Győr
The investment that is worth HUF 32 billion will create 380 new jobs
Audi has announced a new investment in Hungary, this time a complex
technological development in the field of engine manufacturing. In collaboration
with the Hungarian Investment Promotion Agency, the Hungarian government
provides support to the project in the amount of HUF 6 billion. The development
which will create 380 new jobs will provide an opportunity for more
environmentally friendly and efficient models of both petrol and diesel engines to
come off the production lines.
Audi AG has manufacturing bases in 12 countries on three continents and employs
81,640 people worldwide. Its revenue in 2014 was EUR 53.787 billion which,
compared to 2013, is a 7.8% increase. In the first half of 2015, this more than 100
years' old international group produced over 1 million engines, while the number of
cars manufactured in the same period was close to 1 million (943,000).
Last year, Audi Hungaria Motor - Hungary's number one automotive industry
company - produced nearly two million engines, and this year's first half was also
record-breaking: it was able to increase its production in the manufacturing of both
engines and cars. In fact, Audi manufactures all its engines in Hungary. Audi operates
the world's largest engine manufacturing plant on the Danube and it is, at the same
time, the largest employer in Hungary: it employs more than 11,500 people in Győr
and purchases Hungarian products and services from suppliers in the amount of EUR
1.5 billion annually.
Hungary's alliance with Audi will be further strengthened through a transport
infrastructure investment worth tens of billions of HUF in which, by the end of 2017,
with the construction of the Eastern bypass section of the M1 motorway at Győr, the
logistics connection of the Audi factory and the Volkswagen Group parent company
manufacturing base in Bratislava will further improve. This investment will also bring
traffic relief for Győr.
In his speech delivered at the announcement, Minister of Foreign Affairs and Trade
Peter Szijjártó emphasized: "After the delivery of the logistics centre and the engine
and developing plant, this has been Audi's third high-profile investment in Hungary
this year. It is particularly important that, in the context of the engine development
department, the cooperation with the Széchenyi István University is being further
expanded, and, through this, a higher education, research and development and
engineering training centre of regional importance will be established in Győr." The
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H-1055 Budapest, Honvéd utca 20. • +36 1 872-6520 • www.hipa.hu
minister said that this coincides with the government's objectives, according to
which priority shall be given to attracting foreign companies' research and
development departments to our country.
President of the Hungarian Investment Promotion Agency (HIPA) Robert Ésik added
in connection with the investment: "The automotive industry is one of the strongest
sectors of the Hungarian economy; its gross value added in 2014 reached 4.6% of the
nation's total economic value added. Audi's enlargements in Hungary provide a good
example of the opportunities in the domestic investment environment, and the high
number of automotive projects managed by HIPA is rising as well.
Background
In order to most effectively promote the flow of working capital to Hungary, the Hungarian
government established the Hungarian Investment Promotion Agency (HIPA) as the legal successor of
the Hungarian Investment and Trade Office which, since the change of political regime, has been the
first government background institution that deals exclusively with investment incentives. HIPA
continues to identify potential investors through more effective operation, focused and pro-active
work and to promote their investments implemented in Hungary, and with its after-care activities
HIPA facilitates the implementation of reinvestment plans.
Further information:
Hungarian Investment Promotion Agency
Communications Department
Telephone: +36 1 872 6520
press@hipa.hu
www.hipa.hu
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