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 […]
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, […]
