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© hannu viitanen dreamstime.com Components | June 01, 2015

Shanghai Feilo invests in Hungary

Shanghai Feilo Acoustics, a Chinese lighting equipment manufacturer and distributor, will invest in a new LED manufacturing facility in Hungary.
The company has signed a letter of intent with Hungarian officials regarding the construction of a EUR 30 million LED manufacturing facility in Sárospatak, Hungary, according to a report in the Budapest Business Journal.

The investment is expected to employ some 400 people when completed.
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