TDK Hungary is installing a heat pump system and solar panels at its base in Szombathely (215 km southwest of Budapest), where it makes parts for automotive industry partners, Szijjártó said.
The Japanese-owned firm was awarded HUF 1.5 bln in support for the project from the Factory Rescue Program, launched by the government to strengthen companies' energy independence, he added. Around HUF 150 bln in support has been awarded to 140 companies under the scheme, Szijjártó noted.
Japanese companies make up the ninth-biggest group of foreign investors in Hungary and employ close to 40,000 people in the country, the minister said. Last year, bilateral trade between Hungary and Japan reached EUR 2.5 bln, he added.
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