Type
Business expansion
Country
Hungary
Region
Alfod es Eszak; Eszak-Alfold; Jasz-Nagykun-Szolnok
Location of affected unit(s)
Jászfényszaru
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Computer, Electronic And Optical Products
26 - Manufacture of computer, electronic and optical products

1,000 jobs
Number of planned job creations
Job creation
Announcement Date
12 January 2007
Employment effect (start)
1 June 2007
Foreseen end date
1 January 2010

Description

Samsung is to expand capacity at its Jászfényszaru unit in Hungary with an investment of HUF 20 billion. The production facility is expected to open in mid-2007 with operation at full capacity from 2010. The investment is expected to create 1,000 jobs. The Jászfényszaru unit, which started producing TV sets for Samsung in 1990, currently employs 2,000 people. It produced 3.2 million TV sets last year and exported the products to 34 countries.


Sources

  • 12 January 2007: Budapest Business Journal

Citation

Eurofound (2007), Samsung, Business expansion in Hungary, factsheet number 64765, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64765.