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Europe Daily Bulletin No. 7845

20 November 2000
Contents Publication in full By article 26 / 42
GENERAL NEWS / (eu) eu/hungary
60 million euro EIB loan for a subsidiary of Sanyo for the manufacture of batteries for mobile phones

Brussels, 20/11/2000 (Agence Europe) - The European Investment Bank is granting a 60 million euro loan over ten years to Sanyo Hungary Kft, subsidiary of the Japanese firm Sanyo Electric, in Hungary, for the construction of a plant to manufacture rechargeable batteries intended for the European mobile phone market. The plant, built on the new site of Dorog, in northern Hungary, should create some 1,200 permanent jobs, says the EIB. By backing this foreign direct investment, the EIB intends...

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