"Construction material prices have already increased by 15-25%, much more intensively than originally expected, due to the impact of the war, and construction is becoming even more expensive as manufacturers continue to announce increasingly drastic price hikes," the business daily Világgazdaság writes. Raimund Wiesinger, president of the Hungarian Building Materials Trade Association (ÉKE), told the […]
Makó-based Váll-Ker Ltd., a manufacturer of fireplaces, is increasing its production capacity by 75% with a HUF 3 billion investment, with the support of the European Union, the company informed the state news agency MTI. EU support will cover HUF 1.515 billion of the development under the ‘Hungarian multi’ program. The main activity of the […]
KOMETA 99 Plc.’s EUR 94.9 million capacity expansion investment kicked off with foundation stone-laying in Kaposvár as a result of which the volume of processed meat can go up by over one-third, whereas the export to sales ratio is also to soar substantially. The project that is set to create 280 jobs will improve production […]
Audi Hungaria closed the 2021 fiscal year with a stable result, despite challenges caused by the coronavirus pandemic and semiconductor shortages. The world’s largest engine manufacturing plant produced 1,620,767 engines while in vehicle production, 171,015 cars rolled off the production line – a record in the history of the company. Last year, the company generated […]
It was thirty years ago that the Kőbánya Brewery became a shareholding company, it was 25 years ago that it took up the name Dreher Breweries and it will be five years this April that the Japanese Asahi Group Holding announced completing the acquisition of the company among other businesses in the region. On all […]
The opening ceremony of a complex corporate development project to be carried out by KTS Metalltechnik Ltd. has taken place in Bátonyterenye, NE of Budapest. Thus, the company will be able to participate as a supplier in the expansion of the electric battery production capacity in Hungary. The development project is to cost HUF 250 […]
The German SCHOTT Group adds manufacturing of prefillable glass syringes (PFS) in Lukácsháza to its Hungary portfolio. The EUR 76 million investment to be completed by 2024 will create 120 new jobs and is bound to address global demand for the product concerned. 12% of the costs are borne by Hungarian taxpayers through a government […]
Magyar Suzuki has announced that it stopped exporting cars to Russia and Ukraine from March because of the war, the company said in response to questions from Reuters news agency, the financial news site portfolio.hu reports. The company used to sell around 10,000 new cars a year in the two countries and now wants to […]
Over the years, Lexus has enjoyed tremendous success globally, in Europe and in Hungary, thanks to the success of its eco-friendly model portfolio. Today, Lexus, which sells 99% self-charging hybrid electric vehicles (HEVs) in Europe, and has sold more than two million partially or fully electrified cars worldwide, is going even further in greening the […]
A large number of Japan’s most prominent landmarks and an impressive number of high-rise buildings both in Japan and around the world have been created by Takenaka Corporation. It is the biggest Design & Build general construction company in Japan providing services in architecture, engineering, and construction. Takenaka has a long and storied history that […]
The foundation stone of leading powertrain system developer AVL Hungary’s new vehicle test hall was laid in Érd, just SE of Budapest, where the company is building out its new center and automotive test base. The current phase of the investment announced back in 2018 is completed for EUR 20.1 million, and it creates 250 […]
“Serving society with superior quality” is the mission that has defined the operation of Bridgestone Tatabánya as an integral part of the company group for 15 years. Like the parent company, the regional factory unit shapes its operations and global business policy according to the principles of its founder, Shojiro Ishibashi. Developments at the Tatabánya […]
The new hall will create almost 200 new jobs and significantly increase the company's capacity, Aeroplex's Managing Director, Árpád Demény said at the opening event. It is just as important that the development would enable them to offer airlines exceptional services at a European level, he added. According to Aeroplex, the construction of the 8,000-square-meter […]
Having been established in 1992, the Budapest office of the Japan External Trade Organization (JETRO), the principal organization for promoting trade and investment relations between Japan and foreign countries, celebrates its 30th anniversary this year. As to what he considers the greatest achievements of the Budapest presence of JETRO over these three decades, the General […]
Becton Dickinson (BD), one of the world’s leading medical technology companies, has announced an investment, in Hungary, of USD 210 million that amounts to nearly one-fifth of its global development budget earmarked for the upcoming years. The project, which will create more than 300 new jobs, will result in three new production lines thanks to […]
