Robert Bosch Energy and Body Systems Ltd., which is 20 years old this year, will implement two investments worth a total of EUR 48 million at its Miskolc site by mid-2025. The company will spend EUR 12 million to further expand the development and testing of electric drives in Miskolc, and around EUR 36 million […]
After a round-up of the impact of home working on the office market, the financial news portal portfolio.hu asked office market experts about their experience of rent inflation, whether there is still room for rental growth, how much competition there is for tenants and how important energy efficiency is for new tenants today. The office […]
With a greenfield investment of around HUF 52 billion, GKN, one of the world's largest automotive suppliers, is creating 1500 jobs in Felsőzsolca. According to a statement by the Ministry of Foreign Affairs and Trade, the British-owned automotive parts manufacturer GKN Automotive Hungary Kft. said at a factory opening that the company will supply BMW, […]
The latest development at Sanofi's Csanyikvölgy plant has been inaugurated at a ceremony, resulting in an investment of almost HUF 8 billion to increase the production capacity of prefilled syringes by one and a half times. Some 19% of the investment costs are covered by Hungarian taxpayers through a government decision. Founded in 1973, Sanofi […]
With an investment of around EUR 61.9 million, Samsung SDI is boosting its Hungarian R&D activities in Göd. As a result of the decision, the company is committing to create 25 R&D jobs, and it is the first company in Hungary to launch a battery technology training course at Óbuda University. Hungarian taxpayers cover close […]
Commsignia, a Budapest-based manufacturer of automotive communication devices, has raised USD 15 million in capital from Hungarian and foreign investors, the company told MTI on Wednesday. The fundraising was led by Hungarian PortfoLion Capital Partners and Day One Capital, as well as Finnish Inventure and British Inference Partners, with the participation of US-based Qualcomm Ventures, […]
Lear Corporation Hungary Ltd., the local subsidiary of the automotive multinational firm, announced the collective redundancies of more than 800 employees at a workers' meeting this week. Zsolt Kozma, president of the Lear Employees' Union, told reporters that the company announcement about the layoff means the closure of the wiring loop factory in Gödöllő, east […]
According to the report OXO Technologies Holding Plc. published for the first half of 2023 on the website of the Budapest Stock Exchange, its business results show the successful management of the investment company, increasing profitability and dynamic growth of its assets under management. The technology holding company, which has been present on the domestic […]
The ten millionth electric steering gear has rolled off the production line at Robert Bosch Automotive Steering Ltd. in Maklár, which employs 1,600 people, the company told MTI. The company, which is twenty years old this year, has become a leading firm and one of the largest employers in the region, the statement said. The […]
Mapei Ltd. is investing HUF 8 billion to build a new production line for roofing materials and a 12,000-square-meter warehouse in Hungary, the company, which manufactures and distributes building materials, told MTI on Wednesday. The development, to be completed by 2025, will be able to supply not only Hungary but also the region with high-quality […]
Alteo Group achieved consolidated revenues of HUF 58.8 billion in the first half of this year, up 55% compared to the same period last year, while its profit after tax increased by 10% to HUF 8.8 billion in the same period, the energy services and trading company announced on the website of the Budapest Stock […]
The Chinese company Jiecang Linear Motion Technology Co. Ltd., a leading provider of linear actuator products and solutions is to set up its largest European production site in Kaposvár, S Hungary. The plant is to start operations by the end of next year and it will also be the Chinese company's European logistics center, the […]
Tamás Ács has been appointed as the new Managing Director of Unilever Hungary and Adriatic Region, responsible for the markets of Croatia, Slovenia and Bosnia and Herzegovina, in addition to Hungary. Unilever said on Monday that this is the first time since 2015 that the company has a Hungarian managing director. Tamás Ács joined Unilever […]
Europe's most modern and sophisticated tank factory was built at a world record speed within the Group, providing Hungary with outstanding defense capabilities, Rheinmetall's President, Armin Papperger said at the inauguration of the company's Zalaegerszeg plant (SW Hungary) on Friday. The President said Hungary is part of the European air defense initiative and has the […]
There is little talk of a Hungarian stock that has consistently beaten even the US stock market over the past 10 years. It is the US dollar-denominated share of Állami Nyomda (ANY Security Printing Company), an expert from Concorde Értékpapír Plc. writes on the financial portal portfolio.hu. Perhaps the most stable company on the Hungarian […]
