Japanese SIIX invests HUF 6.4 bln in Hungary
Japanese electronic components maker SIIX Corporation has announced it will invest HUF 6.4 billion in building a plant in Nagykőrös, southeast of Budapest, with a non-refundable government grant of HUF 1.3 bln, according to a press release from the Ministry of Foreign Affairs and Trade.
The plant is expected to start operations in the third quarter of next year, said Koji Yanase, CEO of SIIX Europe GmbH, adding that the plant is expected to create 300 new jobs.
The company will produce electronic parts for industrial machinery, automotive products and household machinery at the 16,800 square-meter plant, with a special focus on fulfilling the outsourcing and logistics needs of the companyʼs European partners, Hungarian news agency MTI reported.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.