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2023-09-08 00:00:00
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The proposed factory will be established in the Northern Industrial Park with an investment exceeding EUR 60 million (equivalent to HUF 23 billion). Operations are set to commence by the year's end, and the facility will also serve as the European logistics hub for the Chinese firm.
Project Manager for this Hungarian initiative, Sun Honguang, mentioned that the investment would be executed in two stages. He anticipates yearly sales of around EUR 80 million and foresees the creation of over 200 jobs.
Established in 2000 and publicly listed since 2018, the investing firm primarily focuses on the design, manufacturing, and sale of linear motion products. These products facilitate linear movement in areas like smart office setups, healthcare devices, residential spaces, and industrial automation. Based on the latest data, Jiecang Linear Motion reported revenues of EUR 450 million in the previous year.
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