Europtec Ltd., a company with a Swiss background, is building its fourth production hall in Zalaegerszeg, SW Hungary, with an investment of about EUR 5 million, the company's managing director, Gábor Belső said at a press conference in the Zala county seat on Monday. He recalled that the company, which manufactures precision plastic components, has […]
LIBERTY Dunaújváros, Hungary's largest steel producer, which was acquired by LIBERTY Steel Group in October 2023, has restarted production, according to a company press release. The company is continuously expanding production in order to serve its customers in Hungary and Europe at the highest possible level as soon as possible, the European President of LIBERTY […]
The 4 millionth car was produced at Suzuki's Esztergom plant, northwest of Budapest, on Thursday, with the company planning to produce 130,000 cars this year, following 160,000 in 2023, Magyar Suzuki Plc. told MTI. Deputy CEO Róbert Krisztián recalled to journalists at the factory that production at the Japanese carmaker's Hungarian plant started in 1992. […]
Zwack Unicum Plc. achieved gross sales of HUF 31.58 billion in the first three quarters of the 2023-2024 financial year, up 3.4% year-on-year, while its profit after tax was HUF 3.2 billion, a 16.4% decrease, the company announced on the website of the Budapest Stock Exchange (BSE) on Tuesday. According to the report, net sales […]
Sales of the Toyota brand could even expand in 2024 in Hungary, where market players forecast a further decline in new car sales, Toyota Central Europe - Hungary Ltd. said at a press conference in Budapest on Tuesday. According to the importer's executives, this is based on the brand's strong model offensive in a slowly […]
From January to the end of April, ORLEN Hungary will own 63 petrol stations, which will make the company's pumps available at a total of 141 locations on the Hungarian market, ORLEN told MTI on Tuesday. According to the schedule, the company will open an average of four new units every week until the end […]
Magyar Suzuki announced on Monday that production at its Esztergom plant has restarted as planned, the Reuters news agency reported. The company had announced a week earlier, on Monday last week, that production of the Vitara and S-Cross models would be suspended in Esztergom from January 15 to January 22 after supply was disrupted by […]
Under the long-term contract signed at the end of 2023, Autoneum will take possession of a newly-developed hall of more than 5,000 square meters in the second half of 2024 in the CTPark Komárom industrial and logistics park, in addition to the almost 13,000 square meters of space it already uses, CTPark said in a […]
The premium segment is a strong and stable segment of the Hungarian new car market, and BMW Group Hungary has taken the lead with sales of 5,921 units in 2023, the company said at a press conference in Budapest on Thursday. Managing Director Zoltán Gombos said that among the group's brands, BMW's sales reached 5,243 […]
Audi Hungaria Plc. broke its ten-year production record in 2023 by producing nearly 178,000 vehicles and more than 1.66 million engines, the company told MTI on Wednesday. The Győr-based company said in a statement that 177,775 vehicles were produced last year, up from 171,134 the year before, while 1,660,425 engines were manufactured in Győr, up […]
With an investment of about HUF 20 billion, the Rossmann chain is building a 28,000-square-meter logistics center and a 4,000-square-meter office in Üllő, the project is expected to be completed by the end of 2025, the company said on its website. According to the information, a modern semi-automated warehouse will be built to supply the […]
Mercedes-Benz Hungária Ltd. reported on Tuesday on electromobility gaining ground, the increase in demand for luxury models and the good performance of the models produced in Kecskemét, central Hungary, summing up its sales in Hungary in 2023. The company said in a statement sent to MTI that 4,419 Mercedes-Benz passenger cars were registered in Hungary […]
Suzuki Motor's production plant in Hungary will suspend output this week of its Vitara and S-CROSS models, the Reuters news agency quoted a company statement on Monday. The production halt between January 15 and 21 comes after automakers Tesla and announced suspensions in Europe in the second half of last week, in a sign that […]
The construction industry faced a number of challenges in 2023, but market expectations suggest that even this year will not be a boom year, according to an analysis by financial portal portfolio.hu. Last year, only a third of construction companies managed to increase their turnover compared to the previous year. Nearly half of the companies […]
Veolia Group companies in Hungary and Poland have acquired a 53% majority stake in THERMOWATT Energetikai és Építőipari Ltd., a company developing an innovative technology for the recovery of thermal energy from wastewater, the group said. The statement also revealed that a further 46% stake was acquired by GloCap I Economic Development Private Equity Fund, […]
