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Jász-Plasztik inaugurates HUF 10 bln battery plant

Analysis

Hungarian-owned Jász-Plasztik inaugurated a HUF 10.3 bln battery plant at its base in Jászberény (eastern Hungary) on Friday. The plant will raise headcount at the base by about 350 to 2,800.

It will increase annual battery capacity from 800,000 to 1.5 million units. About 30% of the cost of the investment was covered by European Union funding and the rest by the company's own resources. Jász-Plasztik also specialises in injection-moulded plastic products. It counts Electrolux, Samsung, Jabil and Volkswagen among its business partners.

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