Phase III of Sanyo's solar panel assembly plant, completed through investment of HUF 4.5 billion in the Hungarian city of Dorog (NW of Budapest), was inaugurated on Friday, MTI reported.
The investment created almost 300 new jobs.
Econews reported earlier that mass production started at the plant in January.
With the start of production at the plant, Sanyo has doubled annual capacity of its base in Hungary to 315MW, Sanyo division head Tetsuhiro Maeda said. The investment boosted the global capacity of Sanyo's solar panel division to 680MW, he said.
Sanyo Hungary spent about HUF 3.7 billion on technology at the 9,000-square-metre production hall. The investment was supported with a grant of almost HUF 900 million from the European Union and the state of Hungary.
Sanyo opened its first plant in Dorog in 1999. It made air conditioners, mobile telephones, batteries for power hand tools and rechargeable batteries. Sanyo moved the production of solar cells to Dorog in 2005.
The plant currently employs 1,170 workers.