The investment was urged by the continuously increasing demand for the company’s products, Videoton said. The company has won HUF 200 million state subsidies from both EU and domestic sources within the framework of the Economic Development Operational Program.

“The investments helped Videoton EAS Kft successfully compete with global EMS companies in the field of more complex electronic assemblies as well as make brand new products,” according to CEO Csaba Klambauer. (GL)