SIIX

Type
Business expansion
Country
Hungary
Region
Közép-Magyarország; Pest; Pest
Location of affected unit(s)
Nagykőrös
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26.1 - Manufacture of electronic components and boards
26.11 - Manufacture of electronic components
300 jobs
Number of planned job creations
Job creation
Announcement Date
16 November 2016
Employment effect (start)
1 July 2017
Foreseen end date

Description

Japanese electronic components maker SIIX Corporation has announced it will invest HUF 6.4 billion (cca €20 million) in building a plant in Nagykőrös, southeast of Budapest, with a non-refundable government grant of HUF 1.3 bln (cca €4 million). The investment creates 300 new jobs. The plant is expected to start operations in the third quarter of next year.

Sources

  • 16 November 2016: Vilaggazdasag Online
  • 16 November 2016: Hirado.hu
  • 16 November 2016: bbj.hu

Citation

Eurofound (2016), SIIX, Business expansion in Hungary, factsheet number 89143, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89143.