NI Hungary expands plant at cost of HUF 5.5 bln
U.S.-based measurement and automation firm National Instruments is expanding production capacity at its Hungarian plant in Debrecen through an investment of HUF 5.5 billion, COO Alex Davern announced yesterday, according to reports.
Within the framework of the investment, the company is also planning to boost research and development infrastructure at its Hungarian base. The investment is seen creating 210 new jobs, Davern added. The COO noted that earlier this year NI installed cutting-edge technology in Debrecen through an investment of HUF 30 bln.
Additionally, the company announced it will donate robot-building kits to all schools in the city, NI Hungary Managing Director László Ábrahám said. He added that more than 400 Hungarian schools have already joined the company’s mentoring program, which has introduced approximately 4,000 students to robot programming.
So far this year a total of 13 investment projects were realized in Hungary by companies from the United States, worth an accumulated HUF 122 bln and creating 3,000 jobs, László Szabó, state secretary at the Ministry of Foreign Affairs and Trade, said yesterday, praising the work of the Hungarian Investment Promotion Agency (HIPA).
The HIPA is currently in negotiations with American investors on another 13 projects, worth a combined HUF 150 bln, which could create another 3,000 jobs in the country once realized.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.