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Electronics Production | December 01, 2006

Electrolux plans further investment in Hungary

White goods maker Electrolux plans to invest 31 million euros in its unit in Hungary next year.

Electrolux has invested nearly 300 million Euros in its unit in Hungary, Electrolux Lehel Kft, since 1991. Hungary's stable economy and politics, its network of suppliers, its developed industry and its good transportation system are named as good advantages for Electrolux presence in Hungary. Electrolux Lehel will make 5 million products this year. The unit expects to close 2006 with revenue of 605 million Euros, up from 566 million Euros in 2005.
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