China’s Inesa Europe purchases industrial property in Hungary

Pharma

pixabay

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.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.