Japanese Shinwa to invest HUF 100 mln in Hungary
The Hungarian unit of Japanese global automotive supplier Shinwa International is planning to invest HUF 100 million in its plant in Miskolc, the company announced yesterday, according to Hungarian news agency MTI.
Shinwa Precision, the Hungarian unit, employs a staff of 800 in the country. In 2015 its net revenue was HUF 9.2 billion and its operating profit HUF 228 mln, according to MTI.
Shinwa produces air conditioning control panels and radio panels for automotive brands.
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.