The German-owned Wuppermann Group, which manufactures steel constructions, officially opened its new 33 thousand square metre production and logistics centre in the Győr-Moson-Sopron County town of Gönyű on Friday.
At the press conference held before the facility’s official inauguration, the Ministry of Foreign Affairs and Trade’s Parliamentary State Secretary, Levente Magyar told reported: the Hungarian Government contributed some 10 percent towards the company’s 30 billion forint (EUR 97 million) investment.
“The Hungarian economy has acquired a level of strength and attractive capabilities thanks to which it has now also become of interests for the largest German industrial investors, and new German industrial investors are setting up operations in Hungary at a never before seen rate”, he highlighted.
“The fact that a family-owned, one hundred percent German company that is over a hundred and forty years old is also a guarantor of high quality”, he added.
The State Secretary also spoke bout the fact that the number of high added value workplaces in Hungary has increased during the past year or two. “According to a fresh study, Hungary is currently fifth on the list with regard to the greatest increase in high added value jobs, ahead of japan, Switzerland and Sweden, amongst others”, he highlighted.
“In 2010, Hungary’s foreign trade surplus was six billion euros, but by last year it had increased to almost ten billion euros, and there is a good chance that Hungarian exports will exceed one hundred billion euros this year”, Mr. Magyar told the press.
The State Secretary also pointed out that while the Hungarian Insurance Promotion Agency (HIPA) only brokered 6 successful investment contracts in 2010, this number increased to 71 in 2016. Thanks to the investments supported by the Agency, the number of new jobs created increased from 1067 in 2010 to 17,647 last year.
The foundation stone of the new plant was laid at the end of April 2015. According to the information provided at the time, the Wuppermann Group expect to process some two hundred thousand tons of raw materials every year, and according to plan 95 percent of the plant’s expected annual turnover of forty billion forints (EUR 130 million) will be derived from exports.