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 […]

With 17,650 passenger cars registered, Magyar Suzuki Corporation (SMC) reached 14.48% market share on the domestic new passenger car market in 2021. The brand has been leading new passenger car sales in Hungary for six years. The Japanese brand, which sells hybrid passenger cars in the EU markets in line with the group’s green aspirations, […]

Graphisoft Park that includes industrial and office facilities in Budapest produced a rental revenue of EUR 14.7 million in 2021, the pro forma net profit reached EUR 4.84 million, which is almost EUR 140,000 higher than the forecast. Accordingly, the Board of Directors plans to propose to the General Meeting the payment of EUR 4.4 […]

MOL Group has announced its financial results for Q4 and full year 2021. In a very volatile external environment, MOL Group generated USD 947mn Clean CCS EBITDA in Q4, bringing full-year clean CCS EBITDA to an all-time high USD 3.531 bn, above the updated guidance. Simplified free cash flow tripled since last year and amounted […]

German engineering giant Bosch will strengthen its electromobility R&D and production activities in Hungary. “Our goal is to make Budapest a center in central and eastern Europe for the development of electric and hybrid drivetrains as well other technical solutions,” the top Bosch official in Hungary, István Szászi points out. As reported by the Hungarian […]

PEX Automotive Systems Ltd. expands capacity with an investment of EUR 15 million as a result of which, apart from the manufacturing of traditional products of the company such as brake wear signals and cables, e-mobility and intelligent automotive related production can also launch. Up to 35 new jobs will be created as part of […]

As a result of a HUF 50 billion (EUR 150 million) investment, a new production hall has been added to the existing site of REHAU-Automotive Ltd. in Újhartyán, SE of Budapest. Close to 15% of the investment cost is covered by Hungarian taxpayers through a government decision. In the plant of 63,000 square meters, plastic […]

Despite the pandemic, the Hungarian subsidiary of the Italian phytocosmetics company Vagheggi continued to increase its sales in 2021 after 2020, and saw the time as right to open its first store for its retail customers. In addition, an ultra-modern training center was inaugurated to provide increasingly innovative training for Vagheggi Beauty's specialist/cosmetic partners. Vagheggi […]

Bridgestone Tatabánya Production Ltd. has spent close to HUF 130 billion in total on developments since it was established fifteen years ago, and by now it has become one of the most modern European tire plants of the Japan-based corporate group. And by 2023, it is bound to be altered into a fully smart factory. […]

Schneider Electric, the world leader in energy management and automation, will significantly increase the number of its suppliers in the region, including Hungary, creating EUR tens of millions in business opportunities. Launched at the end of 2020, its supplier program is creating a dedicated team at the company's regional procurement center in Budapest to support […]