Switzerland-based leading auto part supplier SAG – Autonet Group opened its brand-new high-tech warehouse worth over EUR 50 million in Üllő, just south of Budapest. Offering vacancies for 130 future workers, the project will provide a highly automated storage space of 16,500 square meters that is bound to serve a number of regional markets. Hungarian […]
German-owned Infineon Technologies celebrated the expansion of its plant in Cegléd, which is Hungary’s biggest semi-conductors manufacturing facility. The EUR 100 million investment that is to create up to 275 jobs allows for the production of high-power semiconductor modules that will be built into the inverters of electric and hybrid vehicles. One fifth of the […]
Following a EUR 10.6 million investment, almost a third of which is covered by Hungarian taxpayers through a government decision, the expansion of Audi Hungaria’s tool plant is now complete, providing a dynamic backdrop to the continuously developing operation of the company in Győr, NW Hungary. As a result, more space of 6,300 square meters […]
The completion of the first phase of LEGO’s latest plant expansion was celebrated in a ceremony at its Nyíregyháza site this Tuesday. About 11% of the investment is covered by Hungarian taxpayers through a government decision. As a result of the project, the company’s production capacities will surge significantly following a EUR 148 million investment. […]
The new site of the waste treatment and recycling company Saubermacher-Hungary Ltd. in Kecskemét was inaugurated this week. It was built with an investment of HUF 1.5 billion, with the support of the Hungarian state, which provided around HUF 256 million (17%) of the investment costs. Péter Horváth, Managing Director of Saubermacher-Magyarország Ltd., emphasized that […]
The foundation stone of Bosch’s new building complex of 3,500 sqm has been laid in Zalaegerszeg, SW Hungary. The facility that will be home to 200 engineers tasked to research and test technology related to autonomous driving, e-mobility and artificial intelligence (AI), the Hungarian Investment Promotion Agency reports. The EUR 11.4 million project, close to […]
The inauguration of Nissho Hungary Precíziós [‘Precision’] Ltd.’s new plant in Újhartyán, SE of Budapest, is an important milestone for the Japanese-owned company that manufactures secondary processed products made of film and adhesive tape and optical film primarily for automotive electric components. The EUR 10 million investment, 35% of which is covered by Hungarian taxpayers […]
Leading global automotive supplier KOSTAL Group establishes a new business service center (BSC) in Budapest that will employ up to 360 highly skilled workers. The office facility will support and enable the Group’s existing operations in Europe and across the globe. The company is reported to launch a HUF 1.15 billion training program for future […]
Following the foundation stone-laying of Chervon Auto’s first plant outside China last October, the company is already expanding its production base in Hungary. In the second phase of the investment, they will establish new capacities in value of EUR 49.2 million in Miskolc to manufacture metal castings for electric vehicles which should entail the creation […]
Automotive supplier Modine Hungária Gépjárműtechnikai (‘Automotive’) Ltd. responds to pandemic-induced challenges by expanding operations with an investment of nearly EUR 5.2 million in Gyöngyös and Mezőkövesd, both in eastern Hungary by using state subsidy (amounting to close to a quarter of the invested amount) to improve competitiveness. Modine Hungária Gépjárműtechnikai Ltd., which produces fridges and […]
Indian-owned automotive supplier Motherson Group has invested around EUR 16 million to develop its Hungarian sites in Győr, Mosonmagyaróvár, Mosonszolnok and Túrkeve, and has expanded its Kecskemét plant with a new hall. More than a third of the investment will be covered by Hungarian taxpayers due to a government decision. The new hall, which was […]
Following a strategic investment SEG Automotive's new factory was opened in Szirmabesenyő. The 25,000-square-metre production hall together with the adjacent logistics hall totals 50,000 square meters. In addition to the relocated production lines, two new ones have also been purchased for almost EUR 6.2 million. Close to 30% of the investment cost is covered by […]
In the framework of a brownfield investment of EUR 110 million, Pick Szeged implements the modernization of their headquarters in Szeged, as well as the automation and expansion of traditional mouldy salami production capacity of conventional maturing. The investment - more than a quarter of which is covered by Hungarian taxpayers though a government decison […]
The new production hall and office building of the Hungarian family-owned textile manufacturing Naturtex Group has been completed in the southeastern Hungarian city of Szeged. With an investment of almost EUR 12 million (over one third which is paid for by Hungarian taxpayers through a government decision) creating 150 new jobs, the company achieves a […]
Swiss-owned Swiss Krono, the world's leading manufacturer of wood-based materials, has decided to implement a significant capacity increasing development. As a result of the investment of EUR 47 million retaining 145 jobs and creating 28 new ones, the "OSB" production capacity of the Vásárosnamény plant will increase more than 1.5 times. About 15% of the […]
