Magyar Suzuki Suppliers Asked to Reduce Prices by Three Percent

BUDAPEST, Hungary - The Hungarian unit of Japanese carmaker Suzuki has asked its suppliers to reduce prices by 3% because of the economic crisis and the natural disaster in Japan, József Pata, managing director and owner of supplier Pata József Gépipari Kft., told MTI, the official Hungarian news wire.

Suppliers agreed to the reduction at a meeting with the unit's management, Pata said. “We understood that Suzuki is in a difficult position because of the economic crisis and the catastrophe that hit Japan, and that's why we have to offer some support [with the price reduction],” he said.

Suppliers also suggested that Suzuki's unit in Hungary take delivery of parts that usually come from Japan from Hungarian or other European suppliers to ensure continuous supply, he added.

Pata has been a supplier to Magyar Suzuki since 1992. It delivers about 30 million units of 150 different types of welded and stamped metal parts a year to the car maker. It has annual revenue of about HUF 2 billion.

Pata employs 75 people at its 5,000 sqm plant in Fajz.
Source: MTI-Econews