Mercedes-Benz has announced that it will build a new plant in Hungary.
The new plant will aim to boost competitiveness and gain access to potential markets in Eastern Europe, as well as boosting the company’s efficiency.
Based at Kecskemet in Hungary, the new plant will complement an existing one in Rastatt and Rainer Schmuckle, chief operating officer of Mercedes-Benz Cars, said both will play an important role.
He said production of the next generation of premium compact cars would begin in Rastatt, while the new E800 million plant will offer more efficiency.
"The site meets all the high quantitative and qualitative requirements for the successful establishment of a Mercedes-Benz production," Mr Schmuckle said.
"Both sites have to contribute to the cost-effectiveness of our involvement in this vehicle segment which is the subject of very intense competition," he added.
The new plant will be built about 50 miles from Budapest and will create up to 2,500 jobs for people in the region.
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