Chemistry Board

German carmaker Daimler plans to expand its export plant in Hungary to double annual production to 300,000 vehicles by 2015.

Hungary's Economy Ministry said any further expansion plans by car manufacturers would be welcome.

Daimler's plant in Kecskemet, a town about 100 kilometers southeast of Budapest, started commercial production of its Mercedes B class cars in March 2012.

Built at a cost of 800 million euros, the Daimler plant has been one of the biggest foreign investments made in Hungary in recent years and along with rival Audi's engine and car assembly plant at Gyor has proved vital to Hungary's economy, which is heavily reliant on exports.

Daimler said in March that in addition to its B Class compact it would also start producing a new coupe, one of its CLA models, at the Hungarian plant from 2013.

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