TDK Develops its Szombathely Plant

Japanese-owned TDK Hungary Components Ltd. installs a new solar and heat pump system in the value of HUF 3.4 billion, which essentially enables the company to disconnect from the natural gas grid. The investment will be implemented from the company’s own funds and the incentives available under the Hungarian government’s Factory Rescue Program.

TDK Hungary Components Ltd. is a member of the leading electronics concern, Tokyo-based TDK, and it is also deemed as its most significant European hub for development and manufacturing. The Hungarian subsidiary that functions in Szombathely develops and produces electronics parts not only in automotive but also in the field of consumer electronics, among others.

The company has launched a large-scale energy-focused investment from own funds and the incentives available under the Hungarian government’s Factory Rescue Program in value of HUF 3.4 billion. The amount will be used to expand its use of renewable energy (solar panel system), install more energy-efficient air handling equipment and build a system to monitor the company's infrastructure. The investment will also include the construction of energy storage capacity for the solar systems.

The investments covered by the aid will be completed by March 2025 at the latest and will contribute significantly to reducing TDK Hungary Components’ exposure to energy prices.

Thanks to the investment TDK Szombathely will become almost completely gas-independent. The company will also contribute to securing the energy supply of the population.