2021. 07. 15
Sangsin Hungary Ltd., a manufacturer of battery components, invests HUF 10.5 bn to ex-pand its plant in Jászberény
The project is implemented by Grabarics Building Construction Ltd. The government contributes HUF 3.15 bn to support the investment envisaged to create 150 jobs in Jászberény. In retrospect, the Sangsin plant expansion is the 30th project of this kind completed in Hungary and it is not the first one initiated from South Korea.
Among others, the project's importance lies in the increasing certainty of an assumption, namely that e-transport will develop as one of the driving forces behind the post-crisis revival of the economy, explained Péter Szíjjártó, minister of foreign affairs and trade, during a press conference organized to announce the investment. On that occasion, the managing director of Sangsin Hungary appreciated the investment environment, adding that also other South Korean companies will be encouraged to start business in Hungary. Cho Beom Hee emphasized the local availability of skilled labour and the favorable geographic location of Hungary, two factors that facilitate getting involved in the European automotive industry. Sangsin's commitment is indicated by its willingness to expand its manufacturing and warehousing capacity in Jászberény in the current period of crisis.
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