Japanese firm announces HUF 4.3 billion expansion in Hungary
The local unit of Japan's Nissin Foods will spend 4.3 billion forints (EUR 11.8m) to expand its instant noodle soup plant in Kecskemet, in central Hungary, Minister of Foreign Affairs and Trade Peter Szijjarto said on Thursday.
The government is supporting the investment, which will preserve 320 jobs and create 20 new ones, with a 500 million forint cash grant, Szijjarto said.
Nissin Foods Kft will add 20 percent to its instant noodle soup production capacity and triple its warehouse space, he added.
Szijjarto noted that 180 Japanese-owned companies employ more than 30,000 people in Hungary.