Due to a shortage of parts, production at German car manufacturer Audi's Hungarian factories will be halted from next week, the news site telex.hu reported. Telex's information was confirmed by the communications department of Audi Hungaria Plc. on Tuesday. They wrote to the news site that due to a shortage of semiconductor components, most of […]
Agrosprint, a Hungarian-owned fruit and vegetable processing and quick-freezing plant, is carrying out developments in two Hungarian sites to become the largest quick-frozen sweet corn processor in Europe. With the investment to be realized in Nyírlugos-Cserhágó and Karcag by the end of 2023, the company's frozen fruit and vegetable processing capacity will be expanded, and […]
Hanon Systems of South Korea with a dominant market share in the automotive thermal management market is expanding the production capacity of refrigerant valves for electric cars in Hungary. The company will invest almost EUR 54 million in three Hungarian sites. The developments will create jobs for 40 people in Székesfehérvár. As the Hungarian Investment […]
Continental is to expand its field of software development, including the research and development activities of advanced driver assistance systems in Hungary. As part of the development to be implemented from more than EUR 11 million in Budapest and Veszprém, the company will create nearly 70 new jobs in high value-added R&D areas. Continental's research […]
As a global player in every major area of glass manufacturing, the Turkish Şişecam will establish its first European glass-packaging facility in Kaposvár. This greenfield investment of EUR 220 million is to have an annual net production capacity of 330,000 tons. With two individual furnaces, the new facility is expected to begin its operations in […]
HelloParks, an industrial real estate development company belonging to the Futureal Group, is developing a 400,000 square-meter logistics megapark in several phases in Páty, near the M1 motorway, Futureal told the state news agency MTI on Monday. According to the information, 400,000 square meters of gross leasable area of warehouse and manufacturing space will be […]
The Korean company with its plant in Göd, north of Budapest, focuses on younger generations and sustainable solutions. Samsung SDI todayAlong with the footmarks of Samsung SDI, starting from Vacuum Tubes in 1970, super-large PDP, high-tech CRTs and to Digital displays, today, Samsung SDI is the Creative Leader of Technology and Market on the Foundation […]
Robert Bosch Energy and Body Systems Kft. in Miskolc has established and operates a corporate adult education centre with HUF 170.28 million non-refundable EU funding from the Széchenyi 2020 program. According to information provided by the company, as a result of the two-year programme, the company has started its adult education activities, and in 2019 […]
The British Chamber of Commerce in Hungary (BCCH), which is 30 years old this year, has held its annual general meeting. Duncan Graham was re-elected President of the organization and the Chamber Council was strengthened with several new members, according to a Hungarian language press release by BCCH. In view of the favorable development of […]
Gedeon Richter Plc. has announced that it extended its existing licensing agreement with AbbVie, originally dated 2004, for the development and commercialization of its own-developed molecule, cariprazine. The initial agreement covered the territories of the USA and Canada and was extended in 2019 to include certain countries in Latin America. The present agreement further expands […]
The Hungarian Marketing Association (MMSZ) has launched the Marketing Talent Award as the most important task of marketing is to drive the economy, which requires sustainable and innovative solutions, and the marketers of the future have a key role to play in this. The Marketing Talent Award, co-founded by HEINEKEN Hungária Zrt. and Magyar Telekom […]
In the first quarter of 2021, the real estate business Duna House Group has significantly improved its profitability, while its EBITDA (earnings before interest, taxes, depreciation, and amortization) to sales ratio increased to 17%, while its clean core EBITDA reached HUF 471 million, which is 27% higher than in Q1 2020. A report on the […]
Despite the adverse impact of the third wave of the coronavirus pandemic, both the distribution and retail and services business units of the listed automotive company AutiWallis demonstrated significant growth in the first quarter of 2021. The company's management report says the growth surpassing the targets set in the strategy published in 2019 can be […]
The popularity of cycling has been further boosted by the coronavirus epidemic, while the shortage of spare parts is expected to curb bicycle production in Hungary this year, Róbert Sipiczki, President of the Hungarian Cycle Industry and Trade Association, told the Hungarian state news agency MTI. In 2020, 390,000 bicycles were produced in Hungary, the […]
The Hungarian pharmaceutical Gedeon Richter Plc. has announced that the European Commission has granted approval for the marketing authorization of the novel combined oral contraceptive containing 15 mg estetrol and 3 mg drospirenone. This decision followed a positive opinion from the Committee for Medicinal Products for Human Use (“CHMP”) of the European Medicines Agency (“EMA”) […]
