Metoxit announces EUR 6.8m investment in Hungary

Péter Szijjártó, the minister of foreign affairs and trade, on Monday attended an event where Swiss company Metoxit announced a 2.5 billion forint (EUR 6.8m) investment in Székesfehérvár, central Hungary.

Metoxit will start production at a plant in the city in January, creating 80 jobs.

The company makes ceramic components for dental, orthopedic and industrial applications.

Szijjártó noted that some 900 Swiss-owned companies employ over 31,000 people in Hungary.