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Electronics Production | June 28, 2007

Catcher halt investment in Hungary

Catcher Technology which is specialised in Notebook and handset case making has decided to suspend its plans to set up a magnesium-alloy case plant in Hungary, citing deteriorating investment conditions in the country.

Cathcer is evaluating the possibility of setting up the new plant in a number of locations but has not made any final decisions of the location of the plant. The company may re-locate its plant to Vietnam as company's largest customer Compal Electronics has plans to invest USD 500 million to built a production base in Vietnam. Catcher mentioned that the establishment of the new plant would be implemented in line with the new deployment of its major clients., local media reports.
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August 21 2019 3:49 pm V14.1.4-1