Chinese-owned Wasion, one of the leading global energy solution providers is investing over EUR 10.5 million to set up its new production site in Gödöllő, located in Pest county, Hungary, the Hungarian Investment Promotion Agency reports. The R&D and manufacturing base, close to 10% of which is paid for by Hungarian taxpayers through a government […]

TRUMPF Hungary Ltd. has opened a new Southeast European headquarters and digitally networked demonstration facility to boost sales of sheet metal working machines for networked manufacturing and lasers for battery technology and the automotive industry. The group plans to reach a turnover of EUR 100 million in the region by the middle of the decade. […]

Lear Corporation Hungary Ltd., the local subsidiary of the automotive multinational firm, announced the collective redundancies of more than 800 employees at a workers' meeting this week. Zsolt Kozma, president of the Lear Employees' Union, told reporters that the company announcement about the layoff means the closure of the wiring loop factory in Gödöllő, east […]