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JAPANESE FIRM ANNOUNCES HUF 4.3 BN 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 Kecskemét, in central Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó said. The government is supporting the investment, which will preserve 320 jobs and create 20 new ones, with a 500 million forint cash grant, Szijjártó said. Nissin Foods Kft will add 20% to its instant noodle soup production capacity and triple its warehouse space, he added. Szijjártó noted that 180 Japanese-owned companies employ more than 30,000 people in Hungary.