South Korea-based Samyang Biopharm, specializing in medical devices, has selected Hungary for its first production unit in Europe. The HUF 8.6 billion (EUR 26.2 million) unit, will produce synthetic suture materials and create 55 new jobs in Gödöllő. The Hungarian government contributes about 15% of that amount (HUF 1.3 billion) in non-refundable support. The South […]
AutoWallis takes another significant step towards international expansion by becoming the importer of the Opel brand in Croatia, Slovenia as well as in Bosnia and Herzegovina. For the group, this can greatly increase the revenue and the number of new vehicles sold, the company has announced on the website of the Budapest Stock Exchange. According […]
3.5 million Suzuki models were manufactured in about 30 years at the Esztergom (NW of Budapest) plant of the Hungarian subsidiary of the Japanese company – and sold to people in 123 countries. The international automotive company has come a long way in Hungary from its 1991’s beginnings to the jubilee reached recently, having been […]
The production of the CLA 250 e Coupé and CLA 250 e Shooting Brake hybrid models begins at the Mercedes plant in Kecskemét, southeast of Budapest. Christian Wolff, Managing Director of Mercedes-Benz Manufacturing Hungary Ltd. emphasized that "the Kecskemét plant will gradually switch to the use of green energy", so, from 2022, the factory will […]
Hungarian-owned 77 Elektronika Ltd. a company exporting self-developed medical diagnostic devices to more than 100 countries, increased its foreign market turnover by HUF 24.5 billion last year, the company told the Hungarian news agency MTI. According to public company data, the firm's net sales revenue was HUF 31.2 billion in 2019 after HUF 30.7 billion […]
As part of the ongoing restructuring of its international charcuterie activities, the Swiss Bell Food Group is selling its Hungarian production plant to the supermarket chain Spar Hungary. The sale, confirmed by Spar Hungary to index.hu, of the specialized charcuterie production plant is expected to be completed by October 31, 2020. With almost 200 employees, […]
Despite the macroeconomic slowdown caused by the epidemic situation, Mateco-Hungary Ltd. that rents lifting equipment and work platforms used in structural architecture is starting to expand its Győr site and capacity. With a total investment of more than HUF 1 billion, the headquarters of the company, market-leading in its field, in Western Hungary will be […]
The supermarket chain Lidl will be constructing a new logistics center in Hungary in the framework of a HUF 35 billion (EUR 98.8 million) investment project for which the government is providing HUF 1.2 billion (EUR 3.39 million) in non-returnable investment promotion funding. The Minister of Foreign Affairs and Trade Péter Szijjártó stated at the […]
Wewalka is launching a major development project at its site in Celldömölk, W Hungary. The Austrian bakery company intends to erect a new two-storey production building and purchase all the production and freezing lines required, while maintaining production. The EUR 15 million development that had its foundation stone laying ceremony this Friday will see an […]
As a new step in the cooperation established last year with Iniciál Group, having 25 years of experiences in car trade, AutoWallis acquires 40% stake of Iniciál Autóház Ltd., the dominant car dealer in West Hungarian region, engaged in selling and servicing seven car brands. According to the agreement, AutoWallis Plc. will acquire 40% stake […]
Szarvas-based Gallicoop Turkey Processing Co. Ltd. will be constructing a 1.2 megawatt solar panel park from an investment of HUF 582 million (EUR 1.65 million). HUF 282 million, that is, close to half of the amount invested will be provided from public funds by the Hungarian government. The project will enable the company to save […]
The Hungarian construction material firm MASTERPLAST Co. Ltd. has informed investors at the website of the Budapest Stock Exchange that it acquired the 100% share in Fidelis BAU Ltd. According to a share purchase agreement signed on July 1, 2020, the purchase price of the share consists of a fixed amount of HUF 100,000,000, and […]
The construction of the the new pier 1 has been completed by the planned deadline, to the day, at Liszt Ferenc International Airport. The airport authority is only waiting to receive the usage permit. A statement by Budapest Airport says that once it is issued, passengers will be able to wait for their flights in […]
Aldi's logistics center in Hungary will be expanded with an 8,800-square-meter cold store, doubling its cold storage capacity in the country, according to an interview with Bernhard Haider, the Hungarian managing director of the discount chain. The company can thus provide a much larger range of refrigerated products to customers, while at the same time […]
As an extraordinary announcement, Zwack Unicum Plc. has reported on the website of the Budapest Stock Exchange that is has receives subvention from the government to increase competitiveness. The Zwack Unicum Public Limited Company inform "its distinguished Investors" that the Hungarian Ministry of Foreign Affairs and Trade (KKM) awarded the company a non-repayable subvention to […]
