April 21, 2010
Korea's Samyang is spending EUR 11m to build a plant in the Hungarian city of Jászberény, which will make plastic parts for the electronics and automotive industries, deputy-CEO Chong Yeol Lee said in Budapest on Friday.
The plant, scheduled to start test operations in December, will produce 10,000 tons in parts each year. Consumer electronics company Samsung will be among its business partners.
The operation, run by Samyang’s chemical business offshoot, will also compound its own engineering resins. The plant will start production in December.
Samyang Corp., based in Seoul, has subsidiaries which make food, animal feed, pharmaceuticals, medical devices and industrial fibers.
