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Hungarian aircraft factory to be built in China
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The EUR 175 million investment of the Chinese subsidiary of the Hungarian-owned Magnus Aircraft Ltd. to build an 18,000 square metre aircraft manufacturing complex in China will start soon.
Massive project in China
Magnus Aircraft, based at the Pécs-Pogány airport, is engaged in the production of small aircraft of its own design and development of electric-powered aircraft. The project, which started last September, includes a showroom, a composite plant, an aircraft assembly plant, a maintenance unit and a development centre in the city of Wuxi, near Shanghai.
The EUR 175 million project, which is 70 percent Chinese state-funded, will see the showroom at a local airport completed within six months, InfoStart reports. The first unit will be built in July. The Sino-Hungarian joint venture, Jiangsu Magnus Aircraft Manufacturing, is expected to create a total of 300 jobs once the project is completed. Furthermore, it will provide a leading role for Hungarian colleagues.