Debrecen offered incentives for National Instruments to put the plant in the Eastern Hungarian city, but other factors were just as important, a company spokeswoman says. Kathleen Fisher tells GlobeSt.com that National Instruments was attracted by the city's proximity to its European customers, an educated work force, financial benefits of operating in a European city and the ability to diversify its manufacturing operations.National Instruments, which develops hardware and software for test and measurement, gets 50% of its revenue from overseas customers.
The Debrecen plant has 100 local workers and plans to double that number by the end of 2002. The manufacturing facility produces computer circuit boards that perform various measurement and automation tasks, from the research laboratory to the manufacturing floor.
The company officially opened the plant this week with a ceremony that included Hungary's prime minister, Victor Orban, and Janet Garvey, the acting US ambassador to Hungary; and James Truchard, National Instruments' president and CEO.
In Austin, a new R&D/office building will soon be completed, Fisher says. Employees should start moving into the building in August. The intention is to consolidate all its employees on the 169-acre campus. "But," she says, "that was the goal when we built Building B." National Instruments has a 232,000-sf office building and a 140,000-sf manufacturing and office building on the property. The company also owns the 136,000-sf Millennium building on Shepherd Mountain in the northwest submarket. It has no plans to sell that building.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
