Japanese TDK Investing HUF 26 Billion in Western Hungary

  • 3 Jun 2024 12:11 PM
  • Hungary Matters
Japanese TDK Investing HUF 26 Billion in Western Hungary
TDK could create 250 jobs with a 26 billion forint (EUR 67m) investment in Szombathely, western Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said at the inauguration of a building at the Japanese-owned company’s base in the city.

The investment programme is adding 12,000sqm of production area at the base, he said.

TDK is bringing production of electronics for the automotive industry that aren’t made anywhere else in Europe to Szombathely, the minister added.

He said Hungary had faced “tight competition” in attracting the investment, adding that it was supported with 6.7 billion forints from the state.

In a press release, TDK said it was bringing production of sensors to the base that were not made elsewhere in the European Union as the manufacturing base for the products at a TDK base in Indonesia reached its capacity limit.
 

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here:
XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers?
Then just contact us here!

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Enjoy more

business CHANNEL SPONSOR

Share your story

We're interested in your stories, and photos, related to expat life in Hungary. Your contributions, and Press Releases, are invited for review before publication in the loop.