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French pharmaceutical company Sanofi is to expand capacity at its Miskolc base, through investment of more than 7 billion forints (EUR 19.5m), with a 1.2 billion government grant, Peter Szijjártó, the minister of foreign affairs and trade, said.
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“The government is providing 282 million forints (EUR 788 thousand) in funding towards the investment of some 600 million forints (EUR 1.68 million) being realised by Szerencsi Bonbon Limited."
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A 60 billion forint (EUR 167.8m) plant will be built in Zalaegerszeg, in western Hungary, to manufacture the Lynx infantry fighting vehicles in cooperation with Germany’s Rheinmetall.
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Dongwha Electrolyte Hungary will set up an 11 billion forint (EUR 31m) electrolyte plant in Sóskút, on the outskirts of Budapest, the minister of foreign affairs and trade announced.
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Investment volume in Hungary contracted by an annual 9.9% in the second quarter, data released by the Central Statistical Office (KSH) show
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Lego Manufacturing Kft., based in Nyíregyháza (240 km northeast of Budapest) increased its net sales by almost 12% to HUF 37.5 billion, while its after-tax profit increased by almost 90% to over HUF 1 bln, writes Világgazdaság.
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