Photo: Optiwella

Optiwella invests HUF 860 million in expansion

Hungarian telecommunications company Optiwella is investing 860 million forints (EUR 2.2m) to expand production and service capacity at its base in Szeged, in southern Hungary, the minister of foreign affairs and trade said on Monday.

The investment, aimed at improving Optiwella’s competitiveness on the international market, is being supported with a 500 million forint government grant, Peter Szijjarto said, according to a ministry statement.

Szijjarto said the investment would allow Optiwella to enter the global chip supply chain in more innovative sectors as well, such as the auto industry.

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