Japanese TDK investing EUR 67m in Szombathely

Péter Szijjártó, the minister of foreign affairs and trade, said at the inauguration of a building at the Japanese-owned company’s base in the city on Friday that TDK could create 250 jobs with a 26 billion forint (EUR 67 m) investment in Szombathely, western Hungary.

The investment programme is adding 12,000sqm of production area at the base, he said. TDK is bringing electronics production for the automotive industry that aren’t made anywhere else in Europe to Szombathely, the minister added.

He said Hungary had faced “tight competition” in attracting the investment, adding that it was supported with 6.7 billion forints (EUR 17.2 m) from the state.

In a press release, TDK said it was bringing production of sensors not made elsewhere in the European Union to the base as the manufacturing base for the products at a TDK base in Indonesia reached its capacity limit.

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