EC clears €92m Hungarian aid package for Hankook tyre factory

Brussels – The European Commission has authorised, under EC Treaty state aid rules, €92.6 million of aid which the Hungarian Government intends to grant to Hankook Tire Hungary for the creation of a new production plant for car tyres in Dunaújváros, Hungary. The total cost of the investment will amount to €424.9 million, according to the Commission.

Competition Commissioner Neelie Kroes said: “I am happy to approve aid for this important investment by a Korean firm in Europe which will contribute to regional development and…

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