Japanese electronic manufacturing services (EMS) company SIIX Corporation is setting up a production plant in Hungary to turn out electronic parts for the automotive, household appliance and industrial sectors.
SIIX expects to invest €16.7m to construct the 16,800 square metres facility at Nagykőrös, south east of the Hungarian capital Budapest, aimed at meeting the local component and assembly outsourcing needs of its multinational customers.
The new subsidiary, SIIX Hungary Kft., formed this month (November), is set to launch its production unit in September 2017, initially employing 100. Later, it aims to reach a 300-strong workforce, according to Koji Yanase, Chief Executive of SIIX Europe.
Its parent group, based in Osaka, Japan, already operates a manufacturing plant in Eastern Europe at Nitra, Slovakia.
The EMS group has attracted increasing orders from its existing customers in Europe justifying the regional expansion plan. “The company will establish a new manufacturing base in neighbouring Hungary in order to respond to the expanded business in Europe, where further economic recovery is expected in the future,” SIIX stated.
It means to start serving new customers from the Hungarian plant as well as undertaking fresh types of business there. The facility is located on a site of nearly 50,000 square metres.
SIIX’s latest investment project in Europe will benefit from a non-refundable grant from the Hungarian government worth around €4.2m, according to the Foreign and Trade Ministry.
The Japanese group supplies a range of components, modules and finished products to its customers including parts for mobile phones, components for kitchen and health appliances, auto parts like lights, switches and sun roofs and wire harnesses.
More recently, the group has added new technology services to its customers including plastics mould making and injection moulding processing.
Today, SIIX operates around 40 overseas bases in 13 countries worldwide.