ADVERTISEMENT

Stadler to set up production unit in Hungary

Food

The board of Swiss train maker Stadler Rail AG has decided to set up a production unit in Hungary, Stadler announced in Budapest on Friday.

The company said it is still looking for a site in Hungary to build the unit. Zoltán Dunai, Stadler's representative in Hungary, said late in June that Stadler was considering Hungary as a possible site for expanding its production capacity. Stadler aimed to build a factory to produce at least 50-60 of its Flirt suburban rail vehicles a year, generating revenue of Ft 25 billion.
Stadler won the contract to deliver 30 of its Flirt models for Hungarian state railways MÁV Zrt, with an option to deliver a further 30, in a much-disputed tender last summer. The contract for delivery of the units came into force only on March 22, after MÁV arranged financing for the purchase early March. Dunai said earlier that Stadler would ship the first two Flirts by the end of 2006 and shorten the deadline for delivering the last of the trains to March 2007.
Stadler also announced on Friday it had won a tender to deliver 14 Flirt trains to Poland for CHF 100 million (Ft 18 billion), including the cost of servicing the vehicles for three years and training the vehicles' operators.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.