Robert Bosch Automotive Steering in Maklár is launching three projects, under which developments, on the one hand, it will implement the production of new-generation electric power steering gears replacing hydraulic steering gears, and on the other hand it will also expand production capacity and introduce new technologies, additionally will also set up a global service […]
Magyar Suzuki Corporation, the only European manufacturing unit of the Japanese parent company to date, is celebrating its 30th anniversary of founding this year. From the very beginning, the company has been engaged in full-scale manufacturing activities in Hungary. As the Hungarian Investment Promotion Agency reports, since the company's foundation three decades ago, about 3.6 […]
As one of Hungary's leading fleet management companies, LeasePlan Hungária's leasing activities cover the entire lifecycle of a car, from purchase, financing and operation to full service, taking the burden of car management off its customers. The company has recently organized a webinar with an overview of the automotive industry. The CEO of LeasePlan Hungária […]
The vehicle importer Porsche Hungária is to establish an Innovation and Education Center with an investment of HUF 2 billion. The cornerstone laying ceremony took place next to the company's Budaörs component center outside the Hungarian capital. At the event, László Mosóczi, Minister of State for Transport Policy at the Ministry of Innovation and Technology […]
In line with its earlier plans, AutoWallis plans a public raising of capital, and it has already taken the necessary preparatory steps. The listed vehicle company plans to raise between HUF 4 and 6.5 billion in institutional and retail capital in the interest of financing the growth strategy it had announced earlier. A report on […]
The Dutch logistics operator group Raben, now operating in 13 countries, celebrates its 90th anniversary this year. The Hungarian subsidiary, Raben Trans European Hungary Ltd. was established 11 years ago. Its Head of Sales & Marketing, Zoltán Üveges tells Diplomacy&Trade about the Group’s diverse activities. As he explains, Raben Group offers comprehensive TSL (transport, shipping […]
Even the turbulence of last year could not break the success streak of the Dutch truck manufacturing company DAF in Hungary, which closed the year as the leader in the heavy truck market for the 12th consecutive time, with an increased share. The management of DAF Hungary Ltd. expects a significant market strengthening this year, […]
SungEel Hitech Hungary Ltd. is to expand its presence in Hungary with another battery processing plant. After the plant in Szigetszentmiklós, which was handed over in 2019, an 8,700-square-meter recycling park opened in July this year in Bátonyterenye, Nógrád County, north of Budapest. With an investment of EUR 25.75 million, 30% of which is to […]
ALTEO and AutoWallis have signed a strategic cooperation agreement to coordinate their e-mobility services in the future. The agreement between the two companiesis based on their commitment to sustainable and transparent operations and the transition to a green economy. The agreement also covers the sale of innovative energy solutions for charging e-cars. The cooperation agreement […]
MONO-Ipolyfabric, which designs and manufactures premium automotive interior decor elements will expand its production capacity and will set up a new R&D centre at its site in Ipolytölgyes. Thanks to the investment of almost EUR 17.5 million, 100 new jobs are expected to be created. The Belgian-owned Mono Group is a world-class company group engaged […]
Established in 2002, the Netherlands-Hungarian Chamber of Commerce in Budapest (Dutcham) aims to facilitate the exchange of professional expertise and provide networking possibilities for Dutch companies operating in Hungary and also for those who wish to build a valuable business network within the Dutch business community. Dutcham’s goal is to bring together companies with Dutch […]
HEINEKEN, renowned for its commitment to quality and innovation, wants to be carbon neutral in its operations by 2030. As a first step, HEINEKEN has removed all PET packaging from production, making it the first PET-free beer producer on the Hungarian market. Its Hungarian subsidiary is also promoting greater sustainability through its commitment to quality […]
Leader and pioneer, Air France-KLM has been working for many years to reduce its environmental impact and commits to work together with all stakeholders and policymakers to achieve the climate objective to reach net zero CO2 emissions by 2050 from all flights within and departing from the EU. Published at the beginning of June this […]
Tamás Jeránek took over as the new President and CEO of Siemens Plc. as of May 1, this year, almost a decade after joining Siemens. He tells Diplomacy&Trade about how he sees the activities and position of the company on the Hungarian market as well as what it can offer to its business partners. “In […]
The urban mobility company TK Elevator will establish a shared service center in Budapest. Named Solution Center Europe (SCE), it will provide selected Finance and HR processes for the group's European and African operations. The company envisions scaling up to 70 employees within the first 12 months, with a prospective possible size of up to […]
