The Hungarian construction material manufacturing company MASTERPLAST Plc. has informed investors that this Wednesday, it signed a joint document with the Polish firm Selena FM S.A. to implement an investment in the production of glass wool in the framework of a strategic cooperation. According to the statement, Selena FM S.A., a globally experienced Polish manufacturer […]
The general meeting of Zwack Unicum Plc. decided to pay a dividend of HUF 1,700 (about 9.5%) per share, totaling HUF 3.460 billion, the company announced on the website of the Budapest Stock Exchange (BSE) on Wednesday. At Wednesday's meeting, shareholders approved the company's financial statements for the 2022-2023 financial year. Zwack Unicum Plc's gross […]
Chinese electric car maker BYD is to invest HUF 10 billion to set up a battery assembly plant in Hungary, according to a statement by the Hungarian Ministry of Foreign Affairs and Trade. The company will further increase its presence in this country by building a plant in Fót, just NE of Budapest, to assemble […]
The Bosch Rexroth Innovation Experience Center (Bosch CU.BE - Customer Benefits) was opened this Wednesday in Budapest, MTI reports. Thomas Ilkow, Head of Bosch Rexroth's Eastern Europe and Middle East Sales Region, stressed the importance of innovation at the opening ceremony and pointed out that the Innovation Experience Center in Budapest helps to foster creativity, […]
A significant proportion of company managers see sustainable operations as a value, not just a cost, K&H told MTI on Tuesday. According to their survey, environmental impact remains an important aspect in companies' assessments, despite the fact that it has been somewhat overshadowed by economic difficulties. The largest companies are particularly active, with 54% of […]
The CECZ Group is building a smart warehouse in Vác with an investment of HUF 25 billion. The project was celebrated with a topping out ceremony this Thursday in the town north of Budapest. Finance Minister Mihály Varga Mihály, who attended the ceremony, suggested that the investment could be an important part of China's Belt […]
Dreher Breweries has increased its aluminum can production capacity by 120% with an investment of HUF 7 billion, Gábor Békefi, CEO of the company, told MTI. He added that the production capacity of the Kőbánya plant has increased from 50,000 cans per hour to 110,000, making Dreher a potential exporter within the Asahi Group, in […]
Şişecam's glass factory in Kaposvár, SW Hungary, is scheduled to start production in September 2024, the Turkish company's technical manager Burcin Isguden said on Wednesday. Speaking at a press conference at the site of the factory's construction in the Eastern Industrial Park, he said that the project will cost EUR 400 million instead of the […]
HelloParks has expanded its warehousing capacity in Fót and Maglód, both just outside Budapest, and six companies have agreed with the developer to lease almost 18,000 square meters of space in the 26,000-square-meter and 46,000-square-meter buildings, the industrial real estate developer told MTI on Wednesday. The two new warehouses of HelloParks were inaugurated in the […]
As part of its global renovation program, JYSK opened its 2,000th remodeled store in Gödöllő this Wednesday, and the home furnishing chain also opened its 92nd store in Hungary in Nagyatád. According to the company statement released on Wednesday, the Danish retail chain started one of the largest renovation programs in its history in 2021, […]
Chinese-owned Huayou Cobalt has announced to set up its very first European plant in Ács, Komárom-Esztergom county, Hungary. As a result of the almost EUR 1.3 billion investment, substantial cathode material production capacities will be created for electric vehicles. The project that will receive Hungarian government support, the amount of which is to be made […]
Many companies in Hungary are unaware that their activities may qualify as research and development (R&D) activities, which could qualify them for tax breaks or cash grants to boost their competitiveness, Deloitte said in a statement sent to MTI. R&D is based on some scientific or technical uncertainty, and is also a novel and methodical […]
Holcim Hungary Ltd.'s Open Day for stone mine visits in June was a great success with a record number of participants. The event gave visitors an insight into the daily life of the Bükkösd Quarry, the history and process of limestone extraction, and a first-hand look at the machinery used for extraction. According to a […]
For the first time, Visa has awarded women-owned businesses in Hungary, with the five winners receiving HUF 2 million each and one-year mentoring, Visa told MTI on Friday. Visa's She's Next program provides financing, management and development assistance to women-owned businesses. Almost 400 businesses applied to the competition, which was launched in Hungary in March, […]
The majority of companies operating in Hungary are focusing on digital transformation, and only 34% of them do not consider it a significant challenge. K&H's innovation survey, the results of which were communicated to MTI this Friday, measured the most significant increase in the use of machine learning, especially in personalized offer, service and product […]
