Magnus Aircraft starts building factory in China
Factory units of Hungarian-owned company Magnus Aircraft will be structurally complete near Wuxi, in south-eastern China, by October, enabling the company to start producing aircraft not only in Hungary but also in China, the company said on Tuesday.
The new production base will be located in a 210,000 square metre industrial park currently being developed near Wuxi, mostly including Chinese state investments, the statement said.
Once the production units are structurally complete, the training of employees will start and production are planned to be launched starting next year.
A Chinese-Hungarian joint company Jiangsu Magnus Aircraft Manufacturing is planned to create 300 jobs, with Hungarians in leading positions, the statement added.
The company is planning to turn out two- and four-seater planes primarily for the Chinese, Iranian and African markets.
