Two months after the inauguration of the automotive electronics manufacturing plant in Debrecen, Vitesco Technologies, which was formed by the transformation of the Powertrain division of Continental, decided on yet another large-volume greenfield investment. With its investment of more than EUR 120 million, creating 450 new jobs, the company will double its manufacturing area. Through […]
The production stoppage due to a shortage of spare parts stretched over three weeks. From Monday this week, the Mercedes-Benz factory in Kecskemét, E Hungary, has resumed production, the business daily Világgazdaság reports. The newspaper reminds that the automotive company announced at the end of July that it would take a three-week break in production […]
The stock index of the Budapest Stock Exchange (BSE), the BUX, ended the week at 51,696.55 points, up 2.62% or 1,317.90 points. Turnover rose from last week’s HUF 39.274 billion to HUF 63.381 billion. The rise was also significant because the BSE had one fewer trading day due to the national holiday. The leading shares […]
The first semestrial turnover of ANY Security Printing Company was HUF 22.4 billion, with card-based documents sales of HUF 9.7 billion and export sales of 7.9 billion, according to the company’s mid-term report. Operations in the first half of 2020 were hit by the epidemic, lower base period figures reflect this fact, and the increase […]
The building industry insulation materials company Masterplast increased its sales by 108% in the second quarter relying on its strong supply chain, high inventories and market position, according to its half-year report published on the website of the Budapest Stock Exchange. The sales increase came as the coronavirus situation improved, global construction demand strengthened significantly, […]
According to the Interim Management Report by Graphisoft Park, the company managing an industrial park primarily occupied by offices and laboratories of information technology and biotechnology companies in the north of Budapest, the 2021 H1 pro-forma net results, in line with the previously published forecasts, are EUR 2.45 million, which is nearly EUR 310 thousand […]
The Szervita Square Building in downtown Budapest will house the first Laborpont medical outpatient care and laboratory diagnostics center from October 2021 on the premium property’s ground floor area. A statement by Horizon Development say that the healthcare provider will offer 1,000 different types of pain-free, non-prescription blood tests to the general public (adults and […]
MOL Plc. significantly increased its revenues in the second quarter, with first-half EBITDA (operating profit before interest, taxes, depreciation and amortisation) exceeding HUF 505 billion, more than double the result of the same period last year, according to a report published on the website of the Budapest Stock Exchange (BSE). Highlights of the period included► […]
The decline in sales of some contraceptives, the absence of major acquisitions and the exchange rate movements reduced the profit at the Hungarian pharmaceutical company Gedeon Richter Plc. The after-tax profit of Gedeon Richter Plc. fell by 9.3% to HUF 54.9 billion in the first half of this year. Yet the company's revenue rose to […]
Construction work on four new studios at the Fót Film Studio will begin within weeks, the National Film Institute (NFI) informed the Hungarian state news agency MTI on Monday. According to the information, in the largest ever state-funded studio development, the production capacity of the Fót Film Studio, just northeast of Budapest, will be almost […]
Britain-based Leyland Hose & Silicone Services (LHSS) has established its first European manufacturing unit in Szigetszentmiklós, just south of Budapest. As an automotive supplier, the company has been engaged in the manufacturing and sales of silicone hoses for more than 30 years. LHSS decided in 2019 to open a new plant in response to market […]
Scope Ratings GmbH has confirmed the BB+/Stable issuer credit rating on the the Hungarian energy services provider company ALTEO Plc. along with its BBB- long-term senior unsecured debt rating and S-3 short-term debt rating which is four grade higher than the minimum level expected by the National Bank of Hungary (MNB). As it has been […]
Astra Film Studios near Budapest is expanding its facility with several studios to serve large-scale international productions with cutting-edge technology in Hungary, the company said on Tuesday. Astra Filmland at Mogyoród, east of the Hungarian capital, will offer several stages and large spaces suitable for a variety of productions with support services including set design […]
The real estate property development firm Colliers has sold a 30,000 sq m industrial complex as part of a nine-hectare site in Nemesvámos, near Veszprém, W Hungary to the Austrian automation company Knapp. The seller MTD Hungary, a lawnmower producer, closed the factory in 2020 as they decided to centralize the production somewhere else and […]
There have been reports that production at the Mercedes factory in Kecskemét will be halted for several weeks. The local news site hirös.hu contacted the company last week, and today, Mercedes-Benz Manufacturing Hungary Ltd. replied to the enquiry. As they write, “we are currently experiencing supplier difficulties in the supply of certain semiconductor components worldwide, […]
