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Kontron Electronics acquires business operations of UST
November 19, 2021
Effective December 1, 2021, Kontron Electronics GmbH, will have acquired the business operations of EMS provider Ultraschalltechnik Halle GmbH (UST, Ultrasound Technology). Kontron Electronics will gain a new production site in Halle (Saale), Germany thanks to the acqusition.
Eurocircuits: “we escaped a major disaster”
November 08, 2021
On October 27, a fire struck Eurocircuits operations in Hungary. The company says that the fire hit the pan of the Hot Air Level (HAL) machine in one of the buildings at the factory. The flames grew and spread quickly and soon the entire HAL department stood in flames.
SKIET opens its first European lithium-ion battery separator plant
October 15, 2021
SK IE Technology (SKIET), the material business subsidiary of SK Innovation has officially opened its lithium-ion battery separator plant in Silesia Province, Poland, the company’s first European production base.
Schaeffler opens new e-mobility plant
September 22, 2021
Automotive and industrial supplier Schaeffler has opened a new production facility at its Szombathely location in the west of Hungary and creates 150 new jobs in e-mobility.
Sensirion opens new European production site
September 21, 2021
Sensirion’s new subsidiary in Debrecen, Hungary was completed at the end of July this year. This new production site is a strategic expansion, meaning existing jobs in Switzerland or at other sites will not be affected.
Semcorp opens production in Hungary
September 14, 2021
Construction of the Semcorp Group's first production unit outside China has begun; the company is building a facility that will produce lithium-ion battery separator films (LiBSF) in Debrecen (Hungary).
Ford and SK Innovation looking at Eastern Europe for new facility
September 13, 2021
SK Innovation and Ford are rumoured to set up a joint venture in Europe with possible locations in Hungary, Romania and Poland.
SK Innovation to spin off battery business and E&P business
August 04, 2021
SK Innovation announces that its Board of Directors have decided to spin off the battery and exploration and production (E&P) business as independent companies, creating an autonomous management system for each.
Knapp invests millions in new Hungarian site
August 02, 2021
Knapp, an Austrian manufacturer of warehouse logistics equipment, is opening a new site in Nemesvámos, Hungary.
Bosch is making three new investments in Hungary
July 21, 2021
The German company says is will strengthen the significance of its site in Maklár, Hungary. The company will make three new investments in Maklár where the poduction of electric steering will be expanded and a global service centre will be built.
Toyocolor to supply SK Innovation with Li-ion battery materials
July 12, 2021
Toyocolor Co., Ltd., the colorants and functional materials division of Japan’s Toyo Ink Group, has been tapped to supply the North American and European operations of South Korean battery manufacturer SK Innovation, with its Lioaccum series of conductive carbon nanotube (CNT) dispersions.
Vitesco officially opens its smart factory in Hungary
July 02, 2021
The 7'000 square metre plant in Debrecen represents the Industry 4.0 concept, with self-driving transport robots and intelligent solutions. By mid-2022, Vitesco Technologies says it will create about 450 jobs in the new factory.
AQ Group’s completes acquisition of Schaffner's Power Magnetics division
July 02, 2021
AQ Group AB has closed the deal with Schaffner Group to acquire its Power Magnetics Division.
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
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March 03, 2021
Cogiscan has teamed up with Danutek Hungary Kft & Danutek Balkans SRL for sales in Eastern Europe.
