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SK Innovation to expand EV battery manufacturing in Europe
June 10, 2021
SK Innovation succeeded in receiving a USD 500 million green loan from the Export-Import Bank of Korea for the investment in the second EV battery manufacturing plant in Komárom, Hungary.
Continued investments at Eurocircuits operations
May 11, 2021
Every year the company invests in its operations, something that has been seen as a key element to its success. And for 2021, the company will invest EUR 7 million in its two factories in Hungary and Germany.
AQ Group acquires Schaffner’s Power Magnetic Division
April 15, 2021
Swedish AQ Group AB has signed an agreement with the Swiss company Schaffner Group to acquire its Power Magnetics Division.
Siemens Mobility to triple R&D headcount in Hungary
April 08, 2021
Siemens Mobility is set to create 120 new R&D related jobs at its Budapest, Hungary location as the company moves moves forward in its efforts to "digitalise track-based transport modes".
MVTech names new Eastern European Sales Director
April 06, 2021
SMT capital equipment distributor, MVTech, announces that the company has increased it sales muscles with the addition of Ferenc Csizmazia as Eastern European Sales Director.
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Cogiscan partners with Sales Rep for Eastern Europe
March 03, 2021
Cogiscan has teamed up with Danutek Hungary Kft & Danutek Balkans SRL for sales in Eastern Europe.
Vitesco starts production in Debrecen, Hungary
March 02, 2021
After just two years of construction, the Vitesco Technologies plant in Debrecen, Hungary, went now into operation.
German automation specialist to invest €5.8 million in Hungary
February 11, 2021
Balluff-Elektronika Kft. specialising in the production of electronic components is to launch a new research and development project, targeting the major regeneration of sensors and network devices for industrial automation.
SK Innovation to build third Hungarian battery plant
February 01, 2021
The South Korean company has decided to invest USD 2.29 billion in a third European battery plant, continuing to build upon its Hungarian network.
Thyssenkrupp invests in new Hungarian engineering centre
January 22, 2021
The German conglomerate is launching another electromobility-related development project in Veszprém, Hungary where the company will establish an engineering service centre with an investment of more than EUR 6 million.
GE Healthcare invests to start R&D development in Hungary
January 20, 2021
The company is investing HUF 3.3 billion (EUR 9.24 million) to expand their healthcare development centres in Szeged and Budapest.
Another investment related to battery production in Hungary
December 15, 2020
Iljin Materials, a South Korean manufacturer of elecfoil, will establish its first European production unit in Hungary, where copper thin foil will be produced for batteries of electric cars.
Meyer Burger reaches agreement with photovoltaic producer Ecosolifer
December 10, 2020
Meyer Burger Technology and Ecosolifer Ltd have agreed to draw a line under a project from 2015.
Danutek Bulgaria ends 2020 on a high despite pandemic
November 26, 2020
Even during the global pandemic, Danutek Bulgaria, a daughter company of capital equipment distributor Altus Group, managed to end its final quarter of the year on a high with a number of new orders from manufacturers in the Balkan region.
Jöbstl & Liska Group invest in Hungary
November 18, 2020
Exactly two years ago, the new 3'000 square metre production site went online. Now it is time to "expand and invest".
Sensor manufacturer to create 266 new jobs in expansion
November 03, 2020
Germany-based SICK, is planning to expand its operations in Hungary with an additional production hall and warehouse, creating 266 new jobs in the process.
Doosan to more than double production of copper thin foil in Hungary
November 02, 2020
The company broke ground on its first facility in the country just last year and has now decided to build a second European plant – also in Hungary.
Kontron bundles its EMS/ODM manufacturing companies within Europe
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October 28, 2020
The IoT/Embedded computing technology company says it is grouping its six production sites in Europe into and EMS/ODM network.
