# MONO-Ipolyfabric expands production and R&D in Ipolytölgyes, Hungary

MONO-Ipolyfabric, a Belgian-owned automotive interior decor elements manufacturer, will expand production capacity and set up a new R&D centre in Ipolytölgyes, Hungary. The investment is almost EUR 17.5 million and will create 100 new jobs.

- Type: Expansion
- Announced: 2021-07-06
- Where: Ipolytölgyes, Hungary
- Value: $20.8M (17.5M EUR)
- Jobs: 100
- Status: announced
- Products: wood, aluminium, and carbon interior decor elements
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [MONO-Ipolyfabric](https://endata.com/companies/56260.md)
- [Mono Group](https://endata.com/companies/56261.md) (partner)

## Sources

- [dteurope.com](https://dteurope.com/business/mono-expanding-in-ipolytolgyes/), 2021-07-06: "Thanks to the investment of almost EUR 17.5 million, 100 new jobs are expected to be created."

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