LG Magna e-Powertrain JV Expands With New Facility In Hungary's Miskolc, Boosted By Government And Local Support
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LG Magna e-Powertrain, a joint venture between LG Electronics and Magna International, is expanding its operations with a new facility in Miskolc, Hungary. The expansion is supported by the Hungarian government and local authorities.

September 05, 2023 | 5:35 am
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Magna International, part of the LG Magna e-Powertrain joint venture, is expanding its operations with a new facility in Hungary. This expansion is likely to boost the company's production capabilities and potentially its revenues.
The expansion of the joint venture's operations with a new facility indicates a positive development for Magna International. This could potentially increase the company's production capabilities and, in turn, its revenues. The support from the Hungarian government and local authorities also suggests a favorable business environment, which could further benefit the company.
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