State subsidies - Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Sat, 18 Sep 2021 20:01:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://dteurope.com/wp-content/uploads/cropped-dt_favicon-32x32.png State subsidies - Diplomacy & Trade https://dteurope.com 32 32 Schaeffler Savaria E-mobility Components Factory https://dteurope.com/business/schaeffler-savaria-e-mobility-components-factory/ Sat, 18 Sep 2021 10:48:00 +0000 https://dteurope.com/?p=43550 Schaeffler Savaria's second plant was handed over in Szombathely, the Hungarian Investment Promotion Agency reports. The investment is a new facility realizing the development and production of powertrains for electric vehicles, built on a 30-hectare area three kilometers from the old factory with a greenfield investment. As the first electromobility plant of the Schaeffler Group, […]

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]]> New Hanon Systems Plant in Pécs https://dteurope.com/business/new-hanon-systems-plant-in-pecs/ Thu, 16 Sep 2021 19:01:00 +0000 https://dteurope.com/?p=43488 Hanon Systems, one of the world's largest automotive air conditioning suppliers, has set up a new plant in Pécs as part of a greenfield investment. The new manufacturing facility increases production capacity for fluid transport products. The volume of the development is almost EUR 36 million, over 20% of whcih is borne by Hungarian taxpayers […]

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]]> SEMCORP to Build First Production Plant in Debrecen https://dteurope.com/business/semcorp-to-build-first-production-plant-in-debrecen/ Tue, 14 Sep 2021 12:12:00 +0000 https://dteurope.com/?p=43429 Construction of the SEMCORP Group's first production unit outside China begins with the laying of the foundation stone of the poduction plant producing lithium-ion battery separator films (LiBSF) in Debrecen, NE Hungary. Operational production will be launched in the first quarter of 2023. Their products are used in technical devices including electric vehicles in large […]

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]]> Significant Development by Varian in Hungary https://dteurope.com/business/significant-development-by-varian-in-hungary/ Mon, 06 Sep 2021 09:38:00 +0000 https://dteurope.com/?p=43199 Varian Medical Systems Hungary engaged in the medical technology sector has implemented radiotherapy technological development in Hungary and expanded its Research and Development centre in Budapest over the last three years. With the R&D project of a total cost of almost EUR 8.5 million, the company has created 30 new high value-added jobs. Hungarian taxpayers […]

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]]> KOMÉTA By-Product Processing Plant in Kaposvár https://dteurope.com/business/kometa-by-product-processing-plant-in-kaposvar/ Tue, 18 May 2021 08:55:00 +0000 https://dteurope.com/?p=37857 Kometa 99 Plc., one of Hungary's largest and most up-to-date pork processing companies, established a by-product processing plant in Kaposvár. Thanks to the project, the processing of slaughterhouse by-products generated during the company's core business will be ensured. The system with an investment of almost HUF 1.4 billion allows processing of up to 15,000 tons […]

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]]> New Aluminum Processing Plant to be Built in Hungary https://dteurope.com/business/new-aluminum-processing-plant-to-be-built-in-hungary/ Mon, 05 Oct 2020 19:30:12 +0000 https://dteurope.com/?p=25329 The aluminum processing company Howmet-Köfém Plc. has laid the cornerstone of its new factory in Székesfehérvár, SW of Budapest. With the new facility, the company will significantly increase its production capacity for die-cast aluminum Alcoa Wheels, the company’s lightest heavy-duty truck and bus wheel. The investment totals HUF 9.26 billion and the Hungarian government will […]

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