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 […]
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 […]
