The construction of the METRANS Group's container terminal - for which the laying the foundation stone this Thursday in Zalaegerszeg - will create a new logistics center in Hungary and increase the region's investment attractiveness. The cost of the southwestern Hungarian investment that promises to create 120 new jobs is close to HUF 16 billion, […]
Beurer Hungária Ltd., a manufacturer of medical devices with German background, is making an investment of around HUF 1.7 billion in Veszprém. Hungarian taxpayers will contribute HUF 485 million to the project, according to a government decision. Hungarian-German economic relations are a key factor in the development of the Hungarian economy. Germany is the biggest […]
Robert Bosch Automotive Steering in Maklár is launching three projects, under which developments, on the one hand, it will implement the production of new-generation electric power steering gears replacing hydraulic steering gears, and on the other hand it will also expand production capacity and introduce new technologies, additionally will also set up a global service […]
MONO-Ipolyfabric, which designs and manufactures premium automotive interior decor elements will expand its production capacity and will set up a new R&D centre at its site in Ipolytölgyes. Thanks to the investment of almost EUR 17.5 million, 100 new jobs are expected to be created. The Belgian-owned Mono Group is a world-class company group engaged […]
As a member of the Foxconn Group, Cloud Network Technology launches warehouse capacity expansion investment of more than EUR 15 million in Komárom, NW Hungary. About 20% of the investment cost is covered by Hungarian taxpayers. The establishment of a new 17,000-square-meter storage capacity supports the production of high-tech data centers and network communication devices. […]
German carmaker Audi is starting a new investment in its tool factory in Győr, NW Hungary. In the framework of the project of more than EUR 10 million, the current production hall will be extended by 3,800 square meters for exclusive series production, and the logistics hall will increase by 2,500 square meters. While retaining […]
With a development cost of EUR 21 million, Nolato Hungary Ltd. that manufactures hygienic and medical products, is to increase its production and storage area in this country by more than 150%. The Hungarian government is to cover about one fifth of the costs of development. While retaining existing jobs, the complex project that also […]
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 […]
The German multinational conglomerate Thyssenkrupp launches another electromobility-related development project in Veszprém, W Hungary where the company will establish an engineering service center with an investment of slightly over EUR 6 million. The Hungarian government is to cover 35% of the investment costs of the project that promises to create 80 new engineering positions within […]
Kedali Hungary Ltd. will invest EUR 40 million in a new factory in Gödöllő (just east of Budapest) that will become an aluminum structural component part provider for Samsung SDI. As the Hungarian Investment Promotion Agency reports, the plant's trial run is expected to start in spring next year, while serial production will reach its […]
Amid the social and economic pain brought by the global COVID-19 crisis, remembering past strengths and looking beyond the pandemic might be difficult. As they work to mitigate the impact of the pandemic, Hungary’s public and private leaders must set aside time to envision and implement measures that will build on the country’s solid fundamentals […]
Hungary's second largest healthcare company, Sanofi, is investing about EUR 22 million euros (approx. HUF 7.9 billion) in its Miskolc plant, increasing its production capacity for pre-filled syringes by 50%. The Hungarian government contributes HUF 1.2 billion to wards the investment. Following the investments of the past years, Sanofi is now launching another significant expansion […]
An EUR 140 million investment is in focus in Nestlé's production center in Bük (W Hungary), which supplies pet food to over 50 countries around the world. With this development, the factory's capacity will be increased by an additional 30%, at the same time creating 160 new jobs, which will soon make the plant into […]
The Hong Kong-based electronics company Lenovo will manufacture products for data centers and desktops in its brand new facility in Üllő, south of Budapest, in the framework of an investment worth EUR 24.7 million, creating a total of almost 1,000 new jobs. Lenovo was founded in 1988 in Hong Kong and gained global significance in […]
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 […]
