Schneider Electric's new manufacturing plant in Dunavecse (central Hungary), which is expected to start production in 2024, will use state-of-the-art technology and digital solutions. The plant will produce medium voltage equipment for electrical distribution systems. The investment will reach HUF 16bn (EUR 40mn), according to a statement by the company.
Schneider Electric, the leader in energy management and industrial automation solutions, builds its newest production plant in Dunavecse. The smart factory will cover 20,000 square meters and will meet all the technological, sustainability and digital demands of our time: carbon neutral operation and the most advanced industrial technology will be used to produce medium-voltage equipment for electrical distribution systems.
Easy connectivity to the M8 motorway and to Schneider Electric's Central European Logistics Center (CEELog) in Szigetszentmiklós as well as the fact that the company’s Global Procurement Hub (GSC) is headquartered in Budapest played a major role in the choice of the location. The new plant will fully be able to meet European market needs.
“The new investment clearly underlines the prominent role of Hungary at Schneider Electric and will further enhance the competitiveness of our company in Europe in the medium voltage products market. We have significant growth expectations for the future at Group level. Just thinking of the replacement of fossil fuels and the ever-growing share of renewable energy usage both on retail and industrial level, as well as the outstanding rise of e-mobility infrastructure and the growing demand for digitization and data centers. As a result, there’s a need to continuously improve utility networks and optimize energy efficiency. That's why at Schneider Electric we are ready for investments and developments like this one, so that we can serve these emerging needs in the most complex and professional way possible,” the Country General Manager of Schneider Electric, Zsolt Veres, said regarding the announcement.
The plant is expected to start production in 2024 and will enable 500 high-skilled jobs for people living in the area beyond 2025.
Schneider Electric has been present in Hungary since 1991. The company, which employs around 2,000 people in this country, currently has four factories (two in Zalaegerszeg, one in Gyöngyös and one in Kunszentmiklós) and a regional logistics center (CEElog Szigetszentmiklós) serving more than 20 countries. In addition to this, the commercial, sales and customer service center for Hungary (Front Office) operates in Budapest as well as the European headquarters of Schneider Electric’s energy and sustainability service center (SB, Sustainability Business). The company's Hub providing global financial and procurement services (GSC, Global Supply Chain) is also headquartered in the Hungarian capital.
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