Czech auto parts company Cadence Innovativ is to build a €9.7m plant in Hungarys Esztergom industrial park, in order to supply the Suzuki plant which already exists there. Cadences Hungarian unit, which also supplies parts to Skoda and Audi, has purchased a 3.8-hectare plot to build the plant.
According to a statement issued by Suzuki, the Japanese carmaker expects €1.48bn in revenues from its Hungarian unit in 2006. This year alone, some 170,000 vehicles will be produced by the firms Esztergom factory in northern Hungary, the company said, with 132,000 units exported and 38,000 sold on the domestic market.

The company sold 149,260 vehicles in 2005, with 39,120 on the domestic market, a 15.6% increase on 2004 sales figures. While Suzuki has seen success with its Hungarian plant, earlier this year it was plagued with staff problems. On Feb 27, Prime Minister Ferenc Gyurcsány refused to attend the celebrations for the launch of Suzukis latest vehicle - the PM expressing his discontent with the way Suzuki recently handled a dispute with its workers.