Korean Hankook's EUR 500 mln Hungarian tire plant to play big role in global growth ambitions
South Korean tire maker Hankook is planning to become the world's fifth-largest tire maker by 2010, in part based on the output of a new EUR 500 mln Hungarian production unit, Hankook President and CEO Cho Choong Hwan announced at the factory' groundbreaking ceremony Friday.
Brussels-based Fortis Bank buys two leasing companies in Hungary
Brussels-based Fortis Bank, one of Europe's leading banks, is to purchase two leasing companies in Hungary in order to secure a greater hold in the Hungarian leasing market, the company announced on Wednesday.
UK equity fund Permira plans to delist shares of Hungarian chemicals BorsodChem
UK-based private equity firm Permira, which last week secured options to buy 52% of Hungarian chemical producer BorsodChem (BC), plans to raise its stake to more than 90% through a public offer and consequently delist the stock from the Budapest Stock Exchange, Permira partner Thomas Jetter said on Wednesday.
Audi produces 12 millionth engine at Hungarian plant
German carmaker Audi has produced its 12 millionth engine at its 13 year-old manufacturing plant in western Hungary, Audi announced in a statement Wednesday.
Comverse, Huawei to supply Hungary's top telco Magyar Telekom units with IMS network
Israel-based software firm Comverse and Chinese IT company Huawei Technologies have been selected to supply IMS network infrastructure and applications for the T-Mobile and T-Com business lines of Hungary's no. 1 telecom firm Magyar Telekom, Huawei and Comverse announced in a statement Tuesday.
