Articles by #hashtag

Electronics industry

19 hits

Large-Scale Developments in Hungary by OBO Bettermann

Sep 2, 2022

An investment of EUR 49 million at its site in the village of Bugyi, located near Budapest, is set to boost the growth of electric installation manufacturer OBO Bettermann. The German company that celebrates 110 years of operation will build a new surface treatment plant, expand its logistics capacity, and create 100 new jobs as […]

Balluff Group Opens New Office in Budapest

Aug 28, 2022

The German family-owned Balluff Group has opened a new development office in Budapest, the third location in Hungary, following Veszprém and Csetény (both southwest of Budapest), where 10 highly skilled jobs will be created, the company told the state news agency MTI. According to the information, Balluff's management decided a year ago to expand its […]

TDK Investment in Szombathely

Mar 28, 2022

A HUF 26 billion investment by the Hungarian subsidiary of Japanese electronics giant TDK will create 250 new jobs in Szombathely. The Hungarian government is providing HUF 6.6 billion (around a quarter of the total investment costs) to develop a business unit to manufacture sensors for electric cars. TDK, one of the world's leading electronics […]

Schneider Electric Expands Regional Center in Budapest

Dec 27, 2021

Schneider Electric is expanding its regional procurement center in Budapest, which has been operating since 2017, and the number of employees there could rise from the current 150 to nearly 300 by 2023, the company told the state news agency MTI. According to the information, Daniel W. Bartel, the head of global procurement at the […]

Automation Specialist Balluff Develops in Veszprém

Feb 11, 2021

Balluff-Elektronika Ltd.. specialising in the production of electronic components is to launch a new research and development project at its site in Veszprém, midwestern Hungary, targeting the major regeneration of sensors and network devices for industrial automation. The investment of almost EUR 5.8 million creates new jobs for 30 highly qualified employees, by which the […]

Providing a Seamless Experience

Oct 7, 2020

LG Electronics Hungarian subsidiary acts as a regional center, its office in Budapest not only supervises the company’s activities in Hungary but is also responsible for the coordinated commercial activity of ten other countries in East Central Europe and the Western Balkans. As LG Electronics Hungary Managing Director, Hyeong Tae Kim explains to Diplomacy&Trade, “LG’s […]

Reinier Schlatmann

Vision for a Healthy Future

Oct 2, 2019

Countries in Central and Eastern Europe display significant local differences in their healthcare systems and the delivery of healthcare services. Aging populations and the increase in chronic epidemic diseases shifted the focus at Philips to health and healthcare and the company relies on the latest developments in digitization, big data and artificial intelligence to design […]

Infineon inauguration ceremony in Cegléd | Márton Kovács/MFAT

New Infineon building in Cegléd

Jun 18, 2018

The Infineon Technologies Group’s new main building in Cegléd, SE of Budapest, has been inaugurated. The Hungarian government contributed to the investment with HUF 1.2 billion (EUR 3.7 million) in nonreturnable funding.

Laying the foundation stone of the new facility | Hungarian Ministry of National Development

Logistics center to be built for Jabil Circuit

Nov 7, 2017

The Infogroup Real Estate Development Group is building a EUR 11.5 million logistics center in the Tiszaújváros Industrial Park. The almost 17,000 sqm facility will be rented by the US-owned manufacturer of electronic products, Jabil Circuit Hungary.

Microsoft's Nokia factory in Komárom

Nokia factory to close, Audi might help

Jul 18, 2014

Microsoft Corp announced on Thursday that it plans a "phased exit" from the town of Komárom, W of Budapest, where Nokia employs 1,800 people. The Hungarian arm of German carmaker Audi said they might be able to help those that will be laid off.

Production line at Samsung SDI Hungary back in 2011 | Dávid Harangozó

Hungary's second largest Samsung plant closes

Apr 9, 2014

Samsung SDI Hungary, located in Göd, northeast of Budapest, is closing down. It was was the second-largest local unit in the country that manufactured color picture tubes (CPT), plasma display panels (PDP) and mobile phone displays.

Legrand Hungary CEO László Károlyi | Dávid Harangozó

Global specialist with Hungarian expertise

Oct 10, 2013

Legrand, the world leader in the manufacturing of products and systems for electrical installations and information networks in terms of sales, has been present in Hungary for over two decades. A recent article published in Diplomacy & Trade.


Nokia to lay off 2,300 Hungarian workers

Feb 8, 2012

Finnish electronics giant Nokia has announced the lay-off of 2,300 people from its smartphone factory in Komárom, northern Hungary. The Hungarian Ministry of National Economy and Nokia will establish a workgroup to help the laid off workers.


Jabil Circuit to expand Hungarian plant
Jun 6, 2011

US-based contract electronics manufacturer Jabil Circuit will create 670 new jobs at its plant in the northeastern Hungarian city of Tiszaújváros, creating 370 new jobs, a Hungarian Economics Ministry official has announced.

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