The French electronics company is to expand its factory in Dunavecse in central Hungary with an investment of more than HUF 15 billion, creating 270 new jobs, with a HUF 1.5 billion subsidy from the Hungarian government.
The investment will increase the floor area of the Duna Smart Power Systems (DSPS) smart factory in Dunavecse by 18,000 square meters to 46,000 square meters.
Schneider Electric has been present in Hungary for more than 30 years. It is a global leader in power distribution, energy management, industrial automation and digitalisation, employs 150,000 people and in 2024 had a turnover of more than 38 billion euros (HUF 15,200 billion). In 2024, the company was ranked as the world's most sustainable company in Time magazine's 100 list, and Hungarians have been contributing to this for more than three decades.
France is Hungary's 10th most important trading partner, with bilateral trade worth nearly EUR 10 billion in 2024.
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