Schaeffler Savaria's second plant was handed over in Szombathely, the Hungarian Investment Promotion Agency reports. The investment is a new facility realizing the development and production of powertrains for electric vehicles, built on a 30-hectare area three kilometers from the old factory with a greenfield investment. As the first electromobility plant of the Schaeffler Group, […]
Hanon Systems, one of the world's largest automotive air conditioning suppliers, has set up a new plant in Pécs as part of a greenfield investment. The new manufacturing facility increases production capacity for fluid transport products. The volume of the development is almost EUR 36 million, over 20% of whcih is borne by Hungarian taxpayers […]
The revenue of the AutoWallis Group was HUF 97.7 billion, exceeding the revenue for the comparative period of 2020 by 156% despite the restrictions imposed and maintained due to the third wave of COVID-19, partly as a result of the transactions conducted in 2020. The sudden and dramatic decline in the revenue of rent-a-car activities […]
Construction of the SEMCORP Group's first production unit outside China begins with the laying of the foundation stone of the poduction plant producing lithium-ion battery separator films (LiBSF) in Debrecen, NE Hungary. Operational production will be launched in the first quarter of 2023. Their products are used in technical devices including electric vehicles in large […]
Tube packaging manufacturer Hoffmann Neopac is doubling its toothpaste tube production capacity in Debrecen. Under the project, two new production lines will be installed, which represent a unique technology manufactured by the company's own patent. With the help of this technology, the company manufactures toothpaste tubes for its premium dental customers as their exclusive supplier. […]
2020 was also a special year for the Hungarian Investment Promotion Agency (HIPA). The organzation says that although operations were still normal at the beginning of the year, the pandemic that started in the spring brought about unprecedented challenges for both investors and the country at large. Despite the circumstances, HIPA contributed to the implementation […]
The series of developments began in 2019 at Ferenc Liszt International Airport has continued this year; more large-scale investments have been implemented during the first eight months of 2021 at Ferenc Liszt International Airport . That takes the total value of the developments carried out over the past two and a half years to nearly […]
The first phase of the expansion of Unilever Hungary Ltd.'s household chemicals plant in Nyírbátor, NE Hungary, representing an investment of EUR 50 million, has been completed, during which two new production lines and a packaging hall were built. As a result of the development, 100 new jobs will be created in addition to the […]
Varian Medical Systems Hungary engaged in the medical technology sector has implemented radiotherapy technological development in Hungary and expanded its Research and Development centre in Budapest over the last three years. With the R&D project of a total cost of almost EUR 8.5 million, the company has created 30 new high value-added jobs. Hungarian taxpayers […]
Huntsman Corporation, a US-based chemical company, implements the capacity increase in manufacturing polyurethane raw materials and special amines at its site in Pétfürdő. The amount of the investment exceeds HUF 10 billion, and the headcount is increased by 12 people by retaining the existing 131 employees. Huntsman Corporation is a manufacturer and distributor of differentiated […]
The stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 52,255.11 points on Friday, up 2.32% on the previous week's close, or 1,186.31 points. Turnover on the stock market was HUF 51.151 billion, up from HUF 46.709 billion last week, with leading shares rising this week. In its weekly summary, Equilor […]
PannErgy Group reports that it has exceeded its plans and base period figures both in terms of the amount of heat sold, and EBITDA with optimum operations. In the business year of 2021, the PannErgy Group continued the implementation of its previously announced strategy on utilizing geothermal energy resources. In this context, the Company managed […]
TriGránit, the developer of Millennium Gardens and the Kantin restaurant chain, which focuses on premium office catering, have agreed to open the latest unit of the restaurant chain, successfully operating under the Kantin brand in the Millennium Gardens office building in Budapest. TriGránit, the developer of Millennium Gardens and the Kantin restaurant chain, which focuses […]
Like the Mercedes factory in Kecskemét, the Suzuki factory in Esztergom is also forced to shut down due to the global microchip shortage, the company told the Hungarian language Slovakian daily Új Szó, which reports that the factory will be shut down between September 6 and 18. During the shutdown, the factory will provide rest […]
A technical base is being developed near Budapest’s Ferenc Liszt International Airport by Sixt, a member of the AutoWallis Group, in the interest of preparing the Group for serving car sharing and even fleet management providers in addition to developing its car rental services. Of the company’s HUF 565 million investment project, HUF 282 million […]
