Toray building new battery plant in Hungary

Toray Industries Hungary will built a new plant in northern Hungary. The new factory, located in Nyergesujfalu, will produce lithium battery components following the completion of a HUF 127 billion investment. The Hungarian government has agreed to provide a HUF 4.7 billion grant for the plant's completion, which will employ 188 people. The Japanese company a leading producer of battery separator films and has operated in Hungary since 2014 when it purchased the carbon fiber maker Zoltek.