The Weerts Group is a Belgian family-owned business headquartered in Liège with operations also in four other European countries, including Hungary where the Group first appeared in the year 2000. The Weerts Group was established before 1945 as an agricultural transport company with one truck driven by Hubert Weerts operating in and around Teuven, a […]
The Czech company Nymwag is building Europe's most modern rail vehicle manufacturing plant in Nagykanizsa, SW Hungary, providing jobs for nearly 1,500 people. With an investment of nearly HUF 60 billion, the rail vehicle manufacturer is setting up the group's most modern factory and research and development base, where 1,800 freight wagons and 4,800 railway […]
The Kravtex-Kühne Group's new 4,000-square-meter production hall was inaugurated in Mosonmagyaróvár, NW Hungary on Friday, expanding the bus factory's floor space to more than 20,000 square meters. István Krankovics, chairman of the group's board of directors, said that the Credobus plant, part of the Kravtex-Kühne group, has been expanding continuously since 2008, and this is […]
Siemens Mobility will create 120 new R&D jobs in its Budapest office in order to implement the 'Digitalization of track-based transport modes', by increasing the number of those employed in this field to 169. The development of driving IT systems, operational security diagnostics, and engineering systems allowing flexible configuration of the railway operations will be […]
This year, Stadler Trains Hungary Ltd. celebrates its 15th anniversary. The company’s Country Manager, Zoltán Dunai tells Diplomacy&Trade about the company’s successful one and a half decades in this country since contracting with MÁV Hungarian State Railways to supply FLIRT trains in 2005. “The past 15 years were very exciting for us, nobody would have […]
The foundation stone laying ceremony for BHS Trans Limited’s new logistics center took place this Wednesday in Debrecen, Eastern Hungary. 45% of the costs of the private investment is financed by Hungarian taxpayers. BHS Trans is building logistics centers in four Hungarian settlements this year with a total investment of HUF 7.6 billion (EUR 21.9 […]
The Hungary-based trucking company Waberer's International Co. Ltd. has announced that it plans to shift its business focus towards contracted clients and the major trade lanes within Europe in its International Transportation Segment (ITS). A statement by the company says that with the coronavirus crisis having a significant impact on the European logistics industry, Waberer’s […]
Just twelve months after commencement of works on site, BUD Cargo City has been handed over at Budapest Liszt Ferenc International Airport. The EUR 50 million facility is not only a world-class logistics base but also a catalyst, enabling Hungary and Budapest Airport to become the cargo gateway of Central and Eastern Europe, according to […]
Compañía Auxiliar de Ferrocarriles S.A. (CAF) was established in 1917 primarily as a manufacturer of freight wagons. However, the company’s beginnings date back to 1892, when the production of wagons started in Beasain in Basque Country and to 1897 with the manufacturing of tramways in Zaragoza, Aragón. Over the past century, the company has grown […]
Budapest-headquartered transport and logistics company WABERER’S INTERNATIONAL Co. Ltd said its revenue in the second quarter of 2019 decreased by 6% to EUR 173 million. The decline is due to lower volumes in the aftermath of the end-of-March Brexit date affecting Q2 trade flows negatively in the international segment. The 7% growth in Regional Contract […]
The first group-linked public lighting poles have been introduced in Budapest. In the pilot project, five public lighting poles with different intelligent functions were installed and connected in a network in the capital's 9th district.
Taiwan-based Giant Group is going to establish its second European manufacturing and logistics unit in Gyöngyös, east of Budapest. Worth almost EUR 48 million, the investment, which is to be realized in three phases, shall occupy 228,000 square meters.
Arconic Wheel and Transportation Products, producer of Alcoa Wheels, that manufactures a range of fully forged aluminum wheels, announced another expansion in Hungary to double the capacities of its Székesfehérvár plant.
Traffic at Budapest’s Liszt Ferenc International Airport in 2017 grew at an unprecedented pace: 13.1 million passengers used the airport last year, and the volume of air cargo also broke the record with more than 127.000 tons in total.
A remote control tower control center opened in Budapest on Tuesday. In a few years from now, specialists will be able to direct air traffic not only from the tower at the airport in Ferihegy but also from the Igló street control room in the caípital.
