Hungarian foreign ministry state secretary Levente Magyar negotiated the investment details in Tokyo on March 3, the press department of the Ministry of Foreign Affairs and Trade said, in response to a query by Hungarian news agency MTI.
Earlier, Magyar said a Japanese company would invest more than HUF 15 bln in Hungary, and in turn create 200 jobs.
The factory is expected to be built in Komárom-Esztergom county in northern Hungary, also home to the local unit of Japanese carmaker Suzuki. The Hungarian news agency added that the plant will be a unit of NHK Spring’s Dutch subsidiary.
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