Austrian-owned BECOM Electronics Hungary on Friday inaugurated a HUF 480m production hall at its base in the Tatabánya-Környe Industrial Park (NW Hungary).
BECOM Electronics Hungary won a HUF 144m European Union grant for the project.
BECOM Electronics Hungary will make digital electricity meters in the production hall, hiring 20 people to work there, said managing director Johann Bock. The company plans a further HUF 820m of technology upgrades and sees headcount rising from 97 to 250, he added.
BECOM Electronics Hungary expects to close this year with revenue of almost €7m, about 40% over last year’s HUF 1bn.
The company’s business partners include Panasonic, Siemens and GE-Medical.