The Chinese concern Lenovo will build its first plant in Europe in Hungary, said Hungarian Foreign Minister and Trade Peter Szijjarto at a press conference in Budapest.
The minister said the Lenovo computer factory will be built in Uelloe, Pest County, at a cost of 8.2 million ft (22.5 million euros). According to him, the plant will be able to start work at the beginning of 2021.
Szijjarto said that the investment will create nearly 1,000 jobs and will involve the use of state-of-the-art technologies. For this reason, the Hungarian government will support her with a sum of 2 billion ft (5.5 million euro).
The minister added that over 90 percent. production at the Lenovo plant in Hungary will be exported.
The deputy head of the concern Guan Wei said in a video that Hungary will produce, among others, desktops and graphic workstations, but the product range may expand over time.
From Budapest Małgorzata Wyrzykowska (PAP)