Szijjártó said the investment programme, at the company’s base in Tápiószele, would double transformer production capacity within two years.
It would also create 300 jobs., he added.
Ganz Electric announced the EUR 52 mln investment program a couple of months earlier. More information about the program, entitled Ganz 2030, is available here.
Szijjártó noted that the government had provided HUF 590 bln in support for a combined HUF 2.4 trillion in big investments by Hungarian companies over the past 11 years.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
