Exedy announces HUF 7.3 bln expansion in Hungary

Pharma

Japanese clutch and torque converter maker Exedy Corporation is spending HUF 7.3 bln to expand its base in Hungary, CEO Koji Akita said on Wednesday, according to news agency MTI.

The new plant will be completed by the middle of 2015 and production could start as early as January 2016, the CEO said. Further expansion is also planned, he added. The investment will create 150 jobs.

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