GE to start LED production in Hungary by year-end

GE Lighting will start production of LED lights at its plant in Nagykanizsa this quarter, GE regional chairman-CEO Phil Marshall said on Friday.
Parts for the LED lights will come from GE's plant in nearby Zalaegerszeg, Marshall said. Three years earlier, GE announced mass layoffs at its lighting business in Hungary because of a European Union directive phasing out conventional, low efficiency lighting by 2013.
ADVERTISEMENT
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.