# Resideo to invest HUF 447M in Nagykanizsa plant expansion

Resideo Kft., a US-owned manufacturer of measuring instruments, is investing HUF 447 million to expand capacity at its Nagykanizsa plant in Hungary. The project will protect 440 jobs and includes automation upgrades and a new solar park; the government is providing HUF 224 million in non-refundable support.

- Type: Expansion
- Announced: 2020-10-29
- Where: Nagykanizsa, Zala county, Hungary
- Value: $1.47M (447.0M HUF)
- Jobs: 440
- Status: announced
- Products: measuring instruments
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Resideo](https://endata.com/companies/50849.md)

## Sources

- [kormany.hu](https://kormany.hu/hirek/447-millio-forintbol-fejleszti-nagykanizsai-uzemet-a-resideo-kft), 2020-10-29: "A cég a beruházással 440 munkahelyet véd meg, a kapacitásbővítéshez a kormány 224 millió forintos vissza nem térítendő támogatást nyújt"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.