Press Release: State aid: Commission endorses investment aid for Hankook for production of tyres in Rácalmás, Hungary

Author (Corporate)
Series Title
Series Details IP/14/247 (11.03.14)
Publication Date 11/03/2014
Content Type

On 11 March 2014, the European Commission authorised €57.9 million of regional investment aid to the Hungarian company Hankook Tire Hungary Manufacturing and Trading Ltd ("Hankook Hungary") for the construction of a tyre plant in Rácalmás, Fejér county, Hungary. The Commission found that the measure favours regional development while limiting the distortions of competition brought about by the state aid. It is in line with the Commission's guidelines on regional aid, in particular with the rules on large investment projects.
Source Link Link to Main Source http://europa.eu/rapid/press-release_IP-14-247_en.htm
Related Links
ESO: Background information: State aid: Commission endorses EUR92.6 million aid to Hankook for new tyre production plant in Hungary http://www.europeansources.info/record/press-release-state-aid-commission-endorses-eur92-6-million-aid-to-hankook-for-new-tyre-production-plant-in-hungary/
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