INESA inaugurates €6 mln logistic base in central Hungary

Pharma

Image by Pixabay

Chinese-Hungarian joint venture INESA yesterday inaugurated a logistic base in Dunakeszi, north of Budapest, through an investment of €6 million, Hungarian news agency MTI reported.

Lighting fixtures maker INESA plans to start production activity as well next year in the 5,600 sqm building.  

INESA, 70% owned by the Chinese company and 30% by a Hungarian private investor, will also function as the Chinese companyʼs European distribution center in the future.

Managing Director István Gecse said headcount is expected to grow from the current 17 by around 60 next year.

INESA CEO Zhuang Shen An said the Shanghai-based company decided at the end of last year to establish its CEE production base in Dunakeszi.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens 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.