Shanghai Feilo Acoustics eyes €30 mln LED plant in Hungary

History

Chinese lighting equipment distributor and manufacturer Shanghai Feilo Acoustics on Friday signed a declaration of intent with Hungarian politicians on the construction of a €30 mln LED plant in Sárospatak, northeastern Hungary, news agency MTI reported.

Both the Hungarian Investment Promotion Agency (HIPA) and the Hungarian government are supporting the project, which is expected to employ 400 people at the launch.

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