US EditionSamsung Is Expanding Its Göd Battery Factory with a Budget of 955 Billion Forints, the Hungarian State Is Investing 133 Billion Forints
5 Articles
5 Articles
The state is supporting the further expansion of the battery factory by ensuring that Samsung creates zero jobs.
The government is supporting the 955 billion forint expansion of Samsung's Göd battery factory with 133 billion forints, while the company's production has declined and the number of employees has been reduced in recent times, Telex has learned.
The Samsung factory in Göd received a subsidy of 133 billion forints - According to the Ministry of Foreign Affairs, the plant guarantees its operation in Hungary until at least 2038.
Samsung SDI has not made any commitments to create new jobs, but they guarantee that they will remain for another 13 years.
Samsung SDI is expanding the capacity of its Hungarian battery manufacturing plant with 995 billion forints, with the Hungarian state supporting this with 133 billion – Telex wrote based on the support list of the Ministry of Foreign Affairs and Trade. The company received the state support without committing to creating new jobs. The contract was signed on October 16. The list only revealed that the investment serves “the capacity expansion of …
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