The factory, located outside Budapest, will be Sanyo Electric's largest solar manufacturing plant globally, the Hungarian news agency MTI reported Wednesday.
The new 6,500 square meter plant is part of a $5.3 million investment designed to triple its solar panel capacity, MTI said quoting the Hungarian business daily Napi Gazdasag.
Sanyo Electric opened its solar cell plant in Hungary in 2004, and in 2006 it produced solar cells worth $213 million. With this expansion the production value is expected to triple by next year.
The firm's largest European markets are Germany, Italy, Spain and the Scandinavian countries, where most of the production from this plant will be exported.
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