Semcorp Plant in Debrecen 'on Schedule'

Manufacturing

Semcorp facilities in Zuhai, China.

Semcorp Global

Work on a factory Shanghai-based Semcorp is setting up in Debrecen (225 km east of Budapest) is moving ahead "on schedule," and test production is expected to start in the first quarter, Semcorp Group's management said in a statement issued by a PR agency, according to napi.hu. 

"Construction and installation of equipment is continuing according to plan," Semcorp VP James Shih said. "We anticipate starting test production this year," he added. 

In November 2020, Semcorp announced plans to build the EUR 183 million lithium battery separator plant in Debrecen, and the cornerstone was laid in September 2021. 

According to press reports, Semcorp's two owners were placed under house arrest in China on suspicion of plans to move the company's capital abroad secretly.

ADVERTISEMENT

E.ON Launching HUF 74 bln in Network Investments Energy Trade

E.ON Launching HUF 74 bln in Network Investments

Gov't to Launch HUF 700 bln Business Credit Scheme  Government

Gov't to Launch HUF 700 bln Business Credit Scheme 

Duna House Boosts Stake in Italian Peer Residential

Duna House Boosts Stake in Italian Peer

Avatar: The Way of Water Breaks Box Office Record in Hungary Art

Avatar: The Way of Water Breaks Box Office Record in Hungary

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.