South Korea-based Sang-A Frontec extends its production capacities at its site in Szada, Pest county. The company is implementing a EUR 25 million investment, of which some 14% is covered by Hungarian taxpayers through a government decision, to ramp up manufacturing of plastic battery parts for its main client, Samsung SDI. The development will create […]
CE Glass Plc. has expanded its thermal insulating glass production capacity at its plant in Szatymaz, on the outskirts of Szeged, SE Hungary, with EU support, and thanks to the development, the energy consumption per product and the reject rate have been reduced, the company informed MTI. According to the statement, HUF 400 million of […]
AIP Labs, a Canadian-Hungarian company pioneering in the use of artificial intelligence in healthcare is moving to the top floor of the ZenGarden office building in Budapest. In 2022, AIP Labs launched its AIPDerm system in cooperation with Semmelweis University. The artificial intelligence-assisted dermatological screening tool was the first in Europe to be integrated into […]
Despite a more uncertain economic environment making things difficult for the real estate sector as well, the residential properties firm Cordia International Plc. has successfully navigated through the obstacles, as evidenced by the many milestones the company has achieved and the figures that show its performance. That is according to the Chairman of the Board […]
Upon the invitation of the Budapest Chamber of Commerce and Industry to the Hungarian capital, a business delegation of high-ranking members of New Jersey State’s politics and business from the United States paid a visit to the headquarters of the Hungarian Investment Promotion Agency (HIPA) followed by an insightful business forum. According to a statement […]
In 2022, with a rental revenue of EUR 15.54 million, the Budapest office complex Graphisoft Park achieved a pro forma net result of EUR 6.02 million, which is more than EUR 400,000 higher than the forecast published last November and 24% higher than our previous year's result. The significantly better result than the forecast is […]
Sales revenue at Mapei Ltd. in the first quarter of this year was HUF 7.2 billion, down 6.6% year-on-year, the company, which manufactures and distributes building materials, told MTI on Thursday. However, the company's export revenues rose by 28% to 169 million forints. The company aims to remain competitive in a changing market environment. To […]
The consolidated net sales of NAP Plc. for 2022 exceeded HUF 2.4 billion, which is almost four times the comparable figure for 2021, according to the company’s annual report published on the website of the Budapest Stock Exchange. In 2022, the company acquired 21 small power plants operating under the METÁR-KÁT support scheme. NAP […]
Spar Hungary has upgraded its Perbál meat plant with an investment of more than HUF one billion, which together with the Bicske meat plant can claim one of the most modern food production sites in Central Europe, the supermarket chain informed MTI on Wednesday. In 2021 and 2022, as part of the HUF 1.1 billion […]
The MOL Group is recruiting 74 Growwwer in seven countries to work on solutions to promote mobility, energy supply and sustainability in the region. MOL Group is once again launching Growww, one of the most exciting regional graduate programs in the region. The highly prestigious one-year program offers a wide range of opportunities for talented […]
A Hungarian company has won the European Bank for Reconstruction and Development's (EBRD) entrepreneurship competition: Smapp Lab took the top prize with two foreign companies in the food technology start-up competition, the EBRD told MTI on Tuesday. The Hungarian company's insect monitoring platform helps optimize pesticide use, Tunisia's Kumulus machines produce fresh water in a […]
Weerts Logistics Parks (WLP) and RaktárAD, a warehouse company group with a Belgian-Hungarian ownership, are undertaking their 25th project within Europe in Vecsés, just south of Budapest. On the site spanning several acres, four buildings will be erected, each with a size of 50,000 square meters, totaling nearly 200,000 square meters. The investment is expected […]
The Annual General Meeting of Rába Járműipari Holding Plc. on Friday approved the report of the company's Board of Directors on the company's operations last year. According to the consolidated accounts, Rába's sales revenue amounted to HUF 64.3 billion, 38.6 % higher than in 2021, the Győr-based vehicle manufacturer said on Friday, MTI reported. Earnings […]
The ground-breaking ceremony of EcoPro BM’s cathode material plant in Debrecen indicates that the EUR 728 million project of the South Korean company is going to plan, according to the Hungarian Investment Promotion Agency (HIPA). The investment will allow the manufacturing of 108,000 tons cathode material for lithium-ion batteries on a yearly basis, and 631 […]
The inauguration of Ineton Ltd.’s new automated plant in Alsónémedi, just south of Budapest, marks an important chapter of the domestic reinforced concrete manufacturing market. The HUF 16 billion investment allows to produce special-purpose precast concrete which enhances construction efficiency to a large extent. As a result of the extension headcount surges to 140, the […]
