The head of the ministry consulted with the heads of several Chinese companies, and then reported that Fiberhome, one of the leaders of the world market in the field of infocommunications, decided to establish its largest European base in Hungary.
According to his information, the company is bringing a modern investment to Kisbér, where it will manufacture optical cables. The value of the project is HUF eight billion, for which the state provides 15 percent financial support, thereby contributing to the creation of approximately 150 new jobs in the city.
“Today, Chinese companies are among the world market leaders even in sectors that require the most modern and sophisticated technological solutions,” he said.
Underlining the level of technological development of Fiberhome, he pointed out that the company currently holds about four thousand patents.
Péter Szijjártó pointed out that the demand for optical cables is constantly increasing, because a significant part of the communication traffic takes place on this type of infrastructure, and the demand for communication is increasing.
“If the demand for optical cables continues to grow, and if further expansion of production capacity becomes necessary, the company has already indicated that it will make further investments in Hungary,” he said.
“So it is good news that Chinese companies continue to see Hungary as their number one investment destination in Central Europe, and the process in which Chinese companies contribute to the growth of the Hungarian economy seems to be stable in the future,” the minister concluded.
Source: MTI
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