Honeywell plans €10 mln expansion in Hungary

Industrial

American multinational conglomerate Honeywell will spend €10 mln to expand its base in Nagykanizsa in western Hungary, Foreign Minister Péter Szijjártó said today.

The government decided to allocate a HUF 761 mln grant for the project, which is expected to create 109 jobs, Szijjártó said.

The investment will add 5,000 sqm to the base's existing 12,000 sqm. Honeywell employs 550 people in Hungary, at its base in Nagykanizsa and in Budapest.

Honeywell’s prodcuts and services in Hungary include: consumer & home, safety & security, industrial process control and fire protection & first responder.

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