The German family-owned Balluff Group has opened a new development office in Budapest, the third location in Hungary, following Veszprém and Csetény (both southwest of Budapest), where 10 highly skilled jobs will be created, the company told the state news agency MTI.
According to the information, Balluff's management decided a year ago to expand its development activities in Hungary. The decision was supported by the fact that the government provided HUF 518 million of taxpayers’ money in non-refundable subsidies in 2021 to stabilize the workforce and hire 30 additional development engineers.
The Balluff group, which specializes in automation, was one of the first German investors to come to Hungary, and its subsidiary Balluff Elektronika Ltd. was founded in 1989, employing around 1,000 people in Hungary.
The Balluff Group's portfolio includes various sensor, visual and optical identification, security and industrial network technology products. Its products are used in a wide range of industries, including automotive, energy, food and pharmaceuticals.
Manufacturing in Hungary plays a key role for the Balluff Group, as the majority of its manufacturing activity is currently concentrated here. Further capacity expansion is planned, and the current workforce of around 80 people in the development area is to be increased to 140 in the medium to long term, they said.
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