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)
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.