BUDAPEST: The Hungarian subsidiary of French cable manufacturer Axon Cable yesterday inaugurated a HUF 1.5 billion factory in Kecskemét, central Hungary, national news agency MTI reported today.
Construction of the 5,500 sqm factory, located in the cityʼs new industrial zone, near German carmaker Daimlerʼs plant, began last year and was completed in February. The company’s first plant opened in Kecskemét in 2000.
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Axonʼs products are used in the transport, automotive, medical technology, defense and communications sectors. The company employs more than 200 people in Hungary.
