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Japanese Shinwa to invest HUF 100 mln in Hungary

Telco

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.

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