Zoltek, government sign agreement

Automotive

Japanese firm Zoltek signed a strategic cooperation agreement with the Hungarian government today on plans to expand capacity and raise headcount by 100, Hungarian news agency MTI reported.

Zoltek's plant in Nyerges煤jfalu in northern Hungary is the largest carbon fiber factory in the world. Talks are under way to make 200-300 more new hires in the next 2-3 years, Hungary鈥檚 Foreign Minister P茅ter Szijj谩rt贸 said.

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