China’s Inesa Europe purchases industrial property in Hungary
Chinaʼs Shanghai Feilo Acoustics-owned Inesa Europe, which is considered a major player in the global LED-lighting market, purchased more than 16,000 square meters of industrial property in Dunakeszi, CBRE Hungary announced today.
The distribution center will serve the European customers through the company’s subsidiary here. The company is one of the oldest on the global LED-lighting market, producing double digit-growth annually, according to CBRE. It is also listed on the Shanghai Stock Exchange.
The company expects the development of the Hungarian center to support the firm in becoming the world’s dominant LED-lighting producer by 2020.
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