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Minister of State for Economic Diplomacy

US company further develops Hungarian unit

D&T
February 17, 2017

Within the framework of a EUR 7.4 million project, the company GSI - a global leader in the grain and protein solutions - will purchase modern machinery and equipment and plans to double its current staff in the coming years.

In addition to conducting manufacturing activity, the Hungarian plant in Biatorbágy, just SW of the Budapest, will also carry out engineering services (R&D). The Hungarian government has provided VIP status for the permitting procedure of the investment project, according to the Hungarian Investment Promotion Agency (HIPA).

The products and services of the American based AGCO Group cover the entire agricultural equipment product portfolio. Seated in Duluth, Georgia, the company employs roughly 20,000 employees. It is present in 140 countries with approximately 3,000 dealerships, making it one of the world's largest agricultural equipment companies. The Budapest based IT Development Center of AGCO Hungary - with staff of close to 90 employees - provides IT support to the entire Group, thereby ensuring the smooth global operations of the company.

GSI‘s grain branch offers full-scale grain storage, material handling and drying equipment solutions to small family farms, large producers, and to the leading merchant and processing companies.

The Hungarian subsidiary of the GSI Group has functioned as the regional center of Europe, the Middle East and the CIS countries since 2013. GSI Hungary Kft. carries out the manufacture and regional distribution of grain storage, conditioning and material handling equipment.

D&T

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