Hungarian-owned Révész Trans Ltd. has expanded its warehouse capacities at two locations in northeast Hungary. Supported by the Hungarian Investment Promotion Agency (HIPA), the logistics provider has constructed a 5,000-sqm warehouse in Tiszaújváros and a 2,500-sqm facility in Kazincbarcika. The EUR 9 million investment provides new logistics infrastructure to serve industrial companies operating in the […]

With the ceremonial laying of the cornerstone, one of the most significant developments in the Hungarian energy system has entered a new phase, and construction has begun on the combined-cycle gas turbine power plant in Tiszaújváros. The investment is a key element of state-owned MVM Group’s long-term strategy, which aims not only to meet growing […]

ALTEO-Therm Ltd. has successfully completed a HUF 434 million investment project to replace its former 3.2 MW Wärtsilä 220 SG gas engine at its Tiszaújváros site with a modern, refurbished Jenbacher J620 engine. The project not only involved the replacement of the gas engine, but also included mechanical, electrical and control updates to auxiliary plant […]

ALTEO-Therm Ltd. has successfully completed a HUF 434 million investment project to replace the former 3.2 MW Wärtsilä 220 SG gas engine at its Tiszaújváros site with a modern, refurbished Jenbacher J620 model. As part of the project, not only was the gas engine replaced, but the mechanical, electrical and control systems of the auxiliary […]

Mol Petrochemicals is expanding its green power production with a 48-megawatt solar park, creating one of the largest solar parks connected to consumers, Mol Hungary's Managing Director announced on Thursday in Tiszaújváros, NE Hungary. Speaking at a press conference at the company's existing 6-megawatt solar park, György Bacsa said the new solar park will directly […]