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Automotive industry

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Production Break at the Mercedes Factory in Kecskemét

D&T
Oct 26, 2020

The usual winter production break is expected to be held between December 18 and January 17 by the Mercedes factory in Kecskemét, and production is currently suspended for a few days in October as well. Mercedes-Benz Manufacturing Hungary Ltd. told the Hungarian news agency MTI on Monday that taking advantage of the Christmas holiday period, […]

Chervon Auto Establishes Factory in Hungary

D&T
Oct 20, 2020

Chervon Auto establishes its first plant outside China in Hungary. The value of the greenfield investment aimed at serving European partners more efficiently is more than EUR 50 million. According to a report by the Hungarian Investment Promotion Agency, the new plant in Miskolc will have a capacity to produce up to 2 million vehicle […]

Close to the Customers

Sándor Laczkó
Oct 10, 2020

A leading electrolyte supplier for major battery makers of South Korea, Dongwha Electrolyte is planning a business expansion in Hungary. Dongwha Electrolyte is the first South Korean company to domestically produce electrolyte products for Lithium-ion batteries and is currently operating production facilities in Korea, China, and Malaysia. Due to EU legislation setting mandatory emission reduction […]

Lotte Aluminium Managing Director Sang Fab Park

Supplying the Region

Sándor Laczkó
Oct 2, 2020

It was announced in February this year that Lotte Aluminium will soon produce aluminum anode foils for batteries near Tatabánya, west of Budapest. The company will serve enterprises that manufacture batteries for electric vehicles, and plans to supply them with some 18,000 tons of foil annually. “The EU is strategically pursuing an eco-friendly policy and […]

Samsung Evolution

Sándor Laczkó
Sep 29, 2020

Samsung – such a familiar word for most people – but just a few know what it really means. Samsung in Korean means and symbolizes ‘Be strong and shine brightly forever’. The company was established in 1938 by Lee Byung-chul and over the next three decades, the group dealt with food processing, textiles, insurance, securities […]

Redesigned Continental Test Track in Veszprém

D&T
Sep 25, 2020

As a result of the latest investment, the German technology company Continental's vehicle dynamics test track facility in Veszprém, west central Hungary, is now suitable for the testing of highly automated safety functions and advanced driver assistance systems, following the latest automotive trends, which may strongly contribute to significantly faster development cycle times. Building on […]

Successful Financial Year for Mercedes in Kecskemét

D&T
Sep 9, 2020

In many ways, 2019 was a successful year for Mercedes-Benz Manufacturing Hungary Plc. at the Kecskemét plant, which successfully started series production of three new models, the company's annual report says. The new CLA Coupé was followed by the CLA Shooting Brake and, in the autumn, the three Mercedes-AMG Performance compact models. The vehicles manufactured […]

Korean Firm to Set Up First European Units in Hungary

D&T
Sep 3, 2020

Within the framework of its investment of EUR 32.1 million, the South Korea-based company Dongwha is building already two units in Sóskút, NW of Budapest: one for producing electrolyte and another to recycle the solvent NMP. Both activities are closely linked to the EV (electric vehicle) battery manufacturing value chain, creating an additional 90 jobs, […]

Magyar Suzuki: 3.5 Million Vehicles Produced

D&T
Jul 23, 2020

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 […]

Thyssenkrupp's Hungarian Plant Delayed Significantly

D&T
Jun 16, 2020

The German Thyssenkrupp is postponing the construction of its production plant in Pécs, southern Hungary by one and a half to two years, Forbes magazine has learned. According to the original plans, production would have started in mid-2020 in the plant where engine parts will be produced for hybrid and fully electric vehicles. This later […]

Denso: No Layoffs, Elevated Wage Remains

D&T
May 23, 2020

During the epidemic and under the conditions of temporary production shutdown, Denso Manufacturing Hungary Ltd. managed to save all jobs in the plant of Székesfehérvár's largest employer. They were not satisfied with the government's wage support plan first but now, they use the modified version. The crisis forced the Hungarian plant of the Japanese company […]

NEMAK Lays Off Almost 20% of Workforce in Győr

D&T
May 22, 2020

The cylinder heads manufacturer Nemak Győr Alumíniumöntöde (aluminum foundry) Ltd., which employs about a thousand people, will have 180 of its employees laid off by the end of July, the Hungarian news agency MTI reports. In his statement to the news agency, the company's financial director, Gábor Mersich writes that the redundancy at the Mexican-owned […]

The Wescast plant in Oroszlány

Wescast to Lay off 250 people

D&T
May 18, 2020

Wescast Industries Inc., the world's leading supplier of cast exhaust manifolds for passenger cars and light trucks lays off 250 employees from its factory in Oroszlány, west of Budapest, the Hungarian news agency MTI reports. The news agency learned from the Vasas (Iron Workers') Trade Union that 250 of the 800 employees will be made […]

Hungary Tops Alternatively Powered Vehicles Sales

D&T
May 13, 2020

Hungary produced the largest increase in new passenger car registrations in the first quarter of 2020 among the member countries of the EU and EFTA in the alternatively powered vehicles (APV) category that includes all vehicles not running on petrol or diesel (that is, electric chargeable, hybrid and other alternative powered ones. According to the […]

BMW Postpones Hungary Plant Construction

D&T
May 6, 2020

"In light of the current situation, we will be delaying a number of projects, like the plant in Hungary. Other projects will be carefully reconsidered. Now, more than ever, our investments need to be targeted and based on sound judgement," Nicolas Peter, Member of the Board of Management of BMW AG has announced. A press […]

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