Electronics maker Philips to expand production in Hungary.

By bne IntelliNews July 21, 2010
Dutch electronics producer Philips plans to invest in increasing the production at its Hungarian units, business daily Vilaggazdasag reported quoting the company's manager for the CEE region Benedikt Laux. The planned expansion includes the diversification of the production portfolio to 3D TV sets in the company's plant in Szekesfehervar and to energy-efficient LED lighting fixtures in the Tamasi-based plant. No information was provided regaring the size of the investment and the potential increase in employment. Laux added that the former plant could start the production of other household appliances in the future, as well. With regard to the Tamasi plant, he pointed out that the parent company had similar production facilities in Poland and Romania, which were larger markets and were less affected by the economic crisis, possibly suggesting that the Hungarian lighting bulb plant might be closed down at some point.

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