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April 12, 2010, 13:03 CET
Korea's Samyang to build ?11 million plant in Jászberény
By MTI-ECONEWS
Korea's Samyang is spending EUR 11m to build a plant in the Hungarian city of Jaszbereny that will make plastic parts for the electronics and automotive industries, deputy-CEO Chong Yeol Lee said in Budapest on Friday.
The plant, scheduled to start test operation in December, will produce 10,000 tonnes of parts a year. Consumer electronics company Samsung will be among its business partners.
Korean companies, including tyre maker Hankook and Samsung, have invested EUR 620m in Hungary over the past three years, said Csaba Kilian of the Hungarian Trade and Investment Development Agency (ITD Hungary).
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