Thyco will initially invest Ft 140 million and continue to add on to the plant in the 3-4 years following its completion, also moving Thyco’s quality control center to the site from Belgium, Holtappels said. Production at the plant, which will employ 50-100 people, will start by the end of 2006.
Thyco purchased a 6,000 square meter plot in the park from the local council and obtained preemption rights for a further 4,000 square meters. The company already has supplier agreements, signed three years earlier, with six companies based near Nyíregyháza. These companies employ a combined 50 workers who make parts to order for the Belgian firm. The new plant will not end these relationships; rather it should strengthen them, Holtappels said.
Thirteen companies have invested a combined Ft 80 billion at the Nyíregyháza Industrial Park. Together they employ 4,000 people.