Péter Szijjártó explained that the more than 120-year-old company based in Sopron, which manufactures rear-view mirrors, will increase its capacity and product quality with a development of HUF 185 million. The government supports the investment with HUF 92.5 million; so the company can retain 67 employees, he added. Knoted that in addition to flat glass production, the company also manufactures complete rear-view mirrors for Volkswagen, Iveco and Volvo, among others.
This investment shows that large international companies and Hungarian-owned family businesses complement each other excellently, and that the Hungarian economy operates in a healthy, balanced structure, he added.
The Minister of Foreign Affairs and Trade also pointed out that thanks to the efforts of the last 10-11 years, a “vibrant” Hungarian economy has been created, in which, in addition to large companies, Hungarian family-owned companies can make forward-looking decisions, even in such difficult times.
He added that the automotive industry, which is the flagship of the Hungarian economy, has increased its production value by two and a half times in the last ten years and now employs 175,000 people.
He stressed that although we left 2020 behind, the difficulties were not. “We all hoped that the euphoria promised from Brussels, which came from the rapid delivery of vaccines, would start 2021 differently than we did last year, but it has now become clear that vaccines are not coming in millions or hundreds of thousands, but just dripping every ten thousand into EU member states, ”he said.
This will delay the lifting of restrictions, he continued, adding that the government is constantly negotiating to buy vaccines from the east as well.
If this succeeds in large numbers, the Hungarian authorities will give permission, and we can vaccinate people quickly, then the restrictive measures can be lifted much sooner, he said. It will have a positive impact not only on people’s daily lives, but also on the economy, he said.
He stressed that the epidemic would endanger jobs in addition to human health, which is why the government decided to fund job retention, as opposed to the opposition’s proposal, which would have distributed money on a social basis.
In keeping jobs, companies are allies of the government that do not decide to limit production and eliminate jobs, but to develop, invest and retain jobs, Péter Szijjártó stated.
He added that the winners of the new economic era will be those countries that can attract as much investment as possible.
Attila Barcza, the Fidesz Member of Parliament for Sopron and his region, emphasized that the government provides real help to large companies and small and medium-sized enterprises in Sopron and the surrounding area. He recalled that despite difficult economic conditions, the government insists on business support and tax cuts.
He recalled that for Sopron, 2020 and this year are also historic, because the M85 motorway to Sopron has been completed and will be further extended to the Austrian border, including a swimming pool, a new parking garage and a north-west bypass.
Richard Hirschler, the company’s head of development and investment, said they have been working in glass and mirror processing since 1899, and have been producing automotive glass since the 1970s, primarily for commercial vehicles, machinery, motorcycles and, to a lesser extent, passenger cars. Over the past two years, several research and development projects have been implemented with government support, he added.
According to public company information data, the sales revenue of Hirschler Glas Kft. Was HUF 846 million in 2019, HUF 5.2 million less than in 2018. Profit after tax was HUF 391 million, HUF 264.3 million more than in the previous year.
The company completed a development program in 2019, which resulted in an increase in productivity of more than thirty percent.
Cover image: MTI / Bruzák Noémi
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