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Saturday | October 24 | 2020

Lenovo to build its first European plant in Ullo, Hungary

Chinese personal computer maker Lenovo will build its first European plant in Hungary, Hungarian Foreign Minister Peter Szijjarto told MTI.

The 8.2 billion forints (22.8 million euros) production facility will be built in Ullo, on the outskirts of the capital Budapest, and the Hungarian government will contribute a grant of two billion forints.

Peter Szijjarto pointed out that this investment will create about 1.000 new jobs and introduce state-of-the-art technologies in Hungary.

Production at the new computer plant will begin in early 2021.

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