Japanese electronics manufacturer SIIX establishes its second European plant in Nagykőrös

Japanese electronics manufacturer SIIX establishes its second European plant in Nagykőrös

SIIX Corporation will establish a world class Electronics Manufacturing Services (EMS) plant to support its new business midterm plan in Hungary. Japan's nr. 1. ranked EMS provider is going to build its newest unit in Nagykőrös by investing EUR 20 million and creating 300 new jobs by 2021. The close proximity to the developed highway infrastructure played a significant role in the positive investment decision.

Decision makers of the company, the Government and the municipality of NagykőrösSIIX Corporation, a leading automotive supplier has established a worldwide network to manage electronics parts procurement, assembling, manufacturing and logistics. It provides integrated EMS services from up-stream to down-stream. The company has 40 subsidiaries in 13 countries around the world, including Germany and Slovakia in Europe.

In the electronics industry, Electronics Manufacturing Services (EMS) are emerging as the focus of attention because of the increasing need for outsourcing deriving from the progressing shift toward horizontal business divisions as opposed to a system where a single manufacturer produces all.

The new production plant will be established in Nagykőrös, and will supply regional electronics manufacturing service requirement for EU customers. The 16,840 square meter production unit will be equipped with state-of-the-art technology and will carry out the mounting of electronic components and the assembly and processing of equipment and components. The facility is expected to start operation in Q3 2017.

"The decision to invest in our second European plant in Nagykőrös, Hungary was made possible by the support of the Hungarian Government and a good cooperation and commitment from the municipality of Nagykőrös and the Hungarian Investment Promotion Agency (HIPA)" – explained Koji Yanase, managing director of SIIX Europe.

Japan is the 9th largest foreign investor in Hungary. In 2014, foreign direct investment (FDI) from Japan reached EUR 1,795.4 million, accounting for 2.2 % of the total FDI stock. Based on the 2015 data of the Hungarian Central Statistical Office, Japan is the 20th most important trading partner of Hungary; its share in Hungary's total goods turnover is 1.1 %. With a share of 1.4 % it is the 17th in Hungary's imports and with a share of 0.8 % it is the 24th in Hungary's exports.