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 […]
Gyermelyi Plc. has inaugurated an egg production unit in Máriahalom, some 20 kms west of Budapest, with an investment of HUF 1.4 billion, making it the largest egg production plant in the country. The managing director of the egg production firm Gyermelyi Tojás Ltd., Csaba Réthy, stressed that the site in Máriahalom had previously had […]
The engineering office BUILD IT Mérnökiroda Ltd. will build a prefabricated housing production line and plant in Sóskút, SW of Budapest, with EU funding of HUF 1.556 billion, the company told MTI on Thursday. The company won the conditionally non-refundable grant from the Economic Development and Innovation Operational Program (Ginop) Plus. The total cost of […]
Terrán Ltd. is further developing the Generon solar roof replacement in cooperation with the Budapest University of Technology and Economics, with a total project cost of HUF 827.772 million, the company told MTI on Tuesday. According to the statement, the project aims to further develop the Terrán solar modules integrated into roof tiles and to […]
AutoWallis Group’s performance continues to significantly exceed the industry average. The Hungarian company, present in 15 countries in the region, almost doubled the number of vehicles sold to reach a figure of 13,800. Though the growth was supported by acquisitions, organic growth was also strong. After four record years, the AutoWallis Group again started the […]
Compared to 2021, the sales revenue of Ganz Transformer and Electrical Rotating Machinery Manufacturing Ltd. almost doubled to a total of EUR 43.89 million – roughly HUF 17.5 billion – in 2022, the heavy machinery manufacturer said in a statement sent to MTI on Monday. They pointed out that the company's operating profit increased to […]
Companies that view their employees as partners and work with them to create sustainable work models that enable employees to get the best out of themselves are the ones that can succeed, according to Deloitte's Global Human Resources Trends 2023 research, the results of which were released to MTI. The business and management consulting firm […]
The pork processing company Topesa Ltd. has more than doubled its capacity by modernizing its slaughterhouse with a HUF 445 million investment, the managing director of the company, László Somogyi informed MTI. He reported that the Hungarian-owned company, which produces half-skinned pigs, used HUF 269 million of EU and domestic subsidies to purchase a slaughterhouse […]
The latest investment of MERKBAU Plc. was inaugurated this Friday: a joinery and carpentry plant built with a budget of more than HUF 2.5 billion. For the investment, the more than 30-year-old company, which is based in Kiskunhalas, S Hungary, received government support of nearly HUF 1 billion. The company's latest investment, inaugurated in a […]
The real estate Duna House Group achieved record volumes in 2022 by the Italian expansion. The dramatic decline in volumes in Poland and Hungary in 2022 was halted by the end of the first quarter of 2023, with already a quarterly increase in Poland and a turnaround in Hungary in March 2023. The Group says […]
The Hungarian startup ecosystem has had its strongest year yet, with record fundraising and unprecedented optimism but the next one is sure to be tougher, the financial news site PIAC&PROFIT reports. One of the key lessons from the Hungarian Startup Reports of recent years is that the inadequate regulatory environment is a major pain point […]
The packaging technology machinery firm Somapak Csomagolástechnikai Gépgyártó Kft., based in Pécs, S Hungary, has built a production hall, acquired equipment and implemented IT developments with an investment of nearly HUF quarter of a billion. The Hungarian-owned company, which has been operating for more than 30 years and currently employs 54 people, manufactures and exports […]
