Catcher halt investment in Hungary
Taiwan's Catcher Technology Co. which is specialized in Notebook and handset case making has decided to suspend its plans to set up a magnesium-alloy case plant in Hungary, citing deteriorating investment conditions in the country.
Catcher Technology Co. is evaluating the possibility of setting up the new plant in a number of locations but has not made any final decisions of the location of the plant. The company may re-locate its plant to Vietnam as company's largest customer Compal Electronics has plans to invest $500 million to built a production base in Vietnam. Catcher mentioned that the establishment of the new plant would be implemented in line with the new deployment of its major clients, local media reports. (evertiq.com)
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