Switzerland-based Stadler Group announced to expand its rail car body manufacturing capacity with an investment of EUR 45.2 million in Szolnok, E Hungary. Close to 30% of the investment costs are covered by Hungarian taxpayers through a government decision.
The Stadler Group is a major player in the rail segment, producing high-speed, intercity, regional and suburban rail vehicles, heavy rail, underground, tram-train and urban tram vehicles.
Its Hungarian subsidiary, Stadler Szolnok Ltd., is now embarking on a new development. The EUR 45.2 million investment will be carried out at the company's site in Szolnok and will increase Stadler's rail car body manufacturing capacity by almost 20%, while enabling it to produce double-deck car bodies.
Under the project, the company will implement technological, renewable energy and infrastructure improvements that will increase annual production capacity by around 100 wagon bodies, allowing for a total of 750 wagon bodies to be produced annually. The investment is expected to create 173 new jobs.
The improvements will be implemented between 2023 and 2026.
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