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Mirae inaugurates $21.5 mln plant in Komárom

South Korean Mirae has opened its mobile handset part painting factory, built with an investment of $21.5 million (Ft 4.45 billion), in Komárom, north Hungary on Tuesday, Napi Online reported.

Mirae arrived in the Komárom Industrial Park at the invitation of Finnish mobile handset maker Nokia, and its Hungarian unit, Mirae Hungary Kft, began trial production only 10 months after it was set up in early 2005, South Korean Ambassador to Hungary Seok Yung Um said at the opening, which was attended by some 20 South Korean companies interested in investing in Hungary.

The plant, which will deal exclusively with painting mobile parts for Nokia, will employ 600 people and expects annual revenue of $40 million (Ft 8.27 billion), managing director Jason Yung said.