Maxon Motor Hungary will make a HUF 1.1bn (EUR 4.13m) investment, including HUF 280m in non-refundable government support, at its plant in Veszprem (C Hungary) this year to make the technological developments necessary to accommodate the new manufacturing operations.

    The unit, which currently employs 165 people, may hire new workers as a result of its expanded production profile and a rise in orders.

    

    Maxon Motor Hungary generated turnover of HUF 903m, according to preliminary data, in 2009, down from HUF 932.9m in 2008, but still up from HUF 757.3m in 2007.