Brief: South Korea's Inzi Controls to make electric car batteries in Hungary

Inzi Controls

01/07/2019 12:22

July 1 (Reuters) - Hungarian foreign ministry statement
about investment of Inzi Controls Co Ltd  023800.KS :
    * INZI CONTROLS TO BUILD ELECTRIC CAR BATTERY FACTORY IN
HUNGARY
AT A COST OF 14.8 BILLION FORINTS ($52 million)
    * HUNGARIAN GOVERNMENT TO GRANT HUF 1.63 BLN SUBSIDY TO NEW
PLANT
    * NEW BATTERY FACTORY IN TOWN OF KOMAROM TO CREATE 122 JOBS

Further company coverage:  023800.KS 
    
($1 = 284.2700 forints)

 (Reporting by Krisztina Than)
 ((krisztina.than@thomsonreuters.com; +36 1 327 4745; Reuters
Messaging: krisztina.than.thomsonreuters.com@reuters.net))