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South Korean Hanon systems to Invest 113.6 million Euros in Hungary

South Korean Hanon systems to Invest 113.6 million Euros in Hungary

South Korean thermal and energy management solutions company Hanon Systems will invest 36.7 billion forints (EUR 113.6m) to expand its operations in Hungary, Foreign Minister Péter Szijjártó told a press conference.

Hanon Systems Hungary will expand capacity at its base in the central Hungarian city of Székesfehérvár and set up new bases in Pécs, in southern Hungary, and in the northern town of Rétság, Szijjártó said.

The largest will be the investment in Pécs, which will create 450 jobs. The Pécs and Székesfehérvár plants will manufacture compressors for car plants such as Volkswagen, Audi and others, the minister said. The plant in Rétság will make aluminium castings, he said.