One of Europe's leading transport and logistics companies, Gebrüder Weiss (GW), will be the first tenant of the Pt2 warehouse in HelloParks Páty Megapark. The company will lease 22,000 sqm of the 42,000-sqm industrial property, currently under development as the second building of the industrial park, less than 10 kms west of Budapest, and will […]
The 17,000-square-meter production hall to be built in District 15 of the capital by Market Építő Plc. has reached its structural completion stage. The new hall will expand Siemens Energy's site and will be used to manufacture components for gas power plants. Construction is scheduled for completion in the last quarter of 2023, the construction […]
India's Liberty Steel has been selected as the winning bidder in the tender for the Dunaferr iron and steel plant in liquidation in Dunaújváros, central Hungary. The news was announced by the Ministry of Economic Development. The ministry's statement recalled the steps leading up to the tender and underlined that as the next step in […]
All Bosch Group products and solutions are planned to either incorporate artificial intelligence (AI)-based technology or will be developed and manufactured with the help of AI this year, the company told MTI on Monday. The company had originally set this as a target for 2025, but is on track to implement plans two years earlier, […]
The total Industrial & Logistics (I&L) property sector stock for the CEE-12 region has grown to exceed 65 million sqm, with 25 million sqm situated in and around the 12 capital city markets, the international property consultant company Colliers says in its latest report. Poland, as the largest country of the group covered in this […]
The 5th International Family Firm Conference organized recently by the prestigious Corvinus University of Budapest, brought together experts and successful business leaders from Hungary and abroad to shed light on the immense potential of family businesses in Hungary and the challenges they are facing. The conference, where the main focus was HR activities, delved into […]
Trans-Sped logistics company's new 5,100-square-meter warehouse complex is part of an agreement with the state that will see Trans-Sped set up six new logistics centers between 2017 and 2023, three in Debrecen, one each in Nagytarcsa, Környe and Tata. The total investment value is close to HUF 8 billion, creating 270 new jobs. The government […]
Provident Financial Ltd. has been a leading player in the personal loan market in Hungary for more than two decades. The CEO of the company, Botond Szirmák, who has been at the helm of the company for 15 years now, tells Diplomacy&Trade about how important satisfied employees and customers for Provident are, their role in […]
The British Chamber of Commerce in Hungary (BCCH) has a history of over three decades. Its Chairman, Duncan Graham, who was re-elected at the BCCH General Assembly this May for another two years as head of the organization, tells Diplomacy&Trade about how they managed to handle issues like Brexit, the pandemic or the Russian invasion […]
GSK (formerly GlaxoSmithKline) Plc. is a British multinational biopharma company, one of the top pharma firms in the world. Its plant in Gödöllő, just east of Budapest, has been developed into a strategic actor in GSK’s global vaccine production. The histories of the founders of GSK date back well over a century (in fact, Glaxo's […]
The Budapest subsidiary of the Stadler Group, which is responsible for the management of the Hungarian railway network, has been transformed into a joint-stock company as of July 1, 2023, the change was justified by the expansion of its scope of duties, which is justified by the control of projects and the strengthening of the […]
Within the framework of the international E.ON Group's ultra-fast charger installation program, the company has planned to install more than 1,000 ultra-fast charging points with a capacity of 150 kilowatts (kW) in nine European countries. Two of these charging stations were inaugurated in the parking lot of an Aldi supermarket in Székesfehérvár as the first […]
Intersnack Hungary Ltd., the manufacturer of Chio snack products, has invested HUF 1.5 billion in a new automatic packaging system at its factory in Győr, NW Hungary. Intersnack Hungary said that the new machines are part of the company's consistent development over the past 10 years. The company has invested nearly HUF 4.5 billion in […]
Key new facilities at BorsodChem Plc.’s site in Berente have been officially inaugurated as part of developments that started in 2019. The latest projects that added major production capacities and an on-site power plant to the chemical company’s operation were implemented for EUR 400 million. A member of the Chinese Wanhua Group, BorsodChem manufactures plastic […]
The inauguration of a fully automated high bay warehouse with increased co-pack capacity marked the completion of Unilever’s two-phase investment in a total amount of EUR 60 million in Nyírbátor, NE Hungary. Thanks to the capacity extension, potential output can soar by some 70%. For over 30 years, Hungary has been a very important manufacturing […]
