A Samsung plant in the town on Göd, near Budapest, is creating 2,700 jobs, increasing headcount from 1,600 to 4,300, state secretary Bence Tuzson said on Wednesday. The plant will switch to making batteries for electric cars and the global producer of batteries for electric vehicles (EV’s) capacity of battery cell production will significantly increase.
Samsung SDI was the first prominent role-player in the domestic electro-mobility industry, putting this plant on the world map through their decision on the investment, and also drawing the attention of other significant Asian players to Hungary; therefore, prominent manufacturers like SK Innovation, GS Yuasa, and Shinheung have also established European centres in Hungary in the past.
Samsung SDI, a member of the Samsung Group ‒ which has a background of more than seven decades ‒ has produced batteries and energy storage systems of various sizes, types, and usage for more than 20 years. Among the most important partners in the automotive industry, there are many leading European vehicle manufacturers, which supply for hybrid, plug-in hybrid (PHEV), and fully electric vehicles (EV), employing more than 24 000 people.
In line with a government decree which has designated the locality as Hungary’s first special economic zone, tax revenues from local businesses will be primarily spent on the local region, Tuzson told public Kossuth radio. Hopefully, more special economic zones will be established in the foreseeable future.
The Samsung plant development is costing 400-500 billion forints (EUR 1.14-1.43bn), making it one of the largest developments in Hungary.
Source: Daily News Hungary
