Japanese Automaker Plans Eur 50 M Investment In Hungary
- 4 Mar 2015 8:00 AM
A Japanese automaker plans to invest 50 million euros in Hungary in the near future, state secretary for economic diplomacy Levente Magyar told MTI from Tokyo. Magyar did not name the company, but said the investment would create 200 jobs.
Japan’s Nissin Foods plans an expansion at its base in Kecskemét, in central Hungary, that will also create 200 jobs, he added. Diamond Electric will launch a development at its base in Esztergom, in the north, also in the millions of euros.
Magyar, who is on a two-day working visit in Japan, said that outside Europe Japan is the largest buyer of Hungarian food products, with exports exceeding 130 million dollars in the first eleven months of last year.
Mangalica pigs and honey are the most popular Hungarian food products in Japan, he added.
Source www.hungarymatters.hu
Follow that link to sign-up for MTI’s twice-daily newsletter.
LATEST NEWS IN business