Ganz Closes 2022 With Strong Growth

In 2022, the company manufactured two transformer units with a capacity of 250 MVA and 400 kV, and two additional transformer units with a capacity of 160 MVA and 220 kV each, for a total of nearly HUF 4 billion for Mavir.

The commissioning of the high-capacity units is currently underway at the Oroszlány substation, the 400/132 kV substation in Perkáta, and also at the MAVIR 400/132 kV substation in Sándorfalva.  

In the second quarter of 2023, the company will also deliver its largest power transformer of the year, a 500 MVA and 400 kV unit, to the Mavir substation in Kerepes.

At the end of last year, Ganz as the winner of an open public procurement procedure also signed the largest contract of recent years with Mavir, worth nearly HUF 11.5 bln.  As part of this agreement, Ganz will produce three 160 MVA and one 250 MVA transformer unit for Mavir in 2023. For 2024, the parties have already agreed to deliver four additional 250 MVA units.

In addition to the units produced for Mavir, the company has also delivered a 44 MVA transformer worth nearly HUF 255 million to MOL Petrochemicals in Tiszaújváros.

Thus, the company delivered transformer units worth almost HUF 3.6 bln to the U.K. market, a key market for its operations. The first Ganz transformer for Suir Engineering, worth a total of HUF 263 million, was also delivered to the Irish market. In addition to the unit delivered so far, Ganz has agreed to produce additional transformer units for 2023, with contracts worth nearly HUF 3 bln. 

Ganz was also very active in the North African market last year: in addition to the delivery of a generator set worth HUF 100 million, the company's service division completed one of its most significant projects in the North African country to date, with the on-site refurbishment of a hydro generator. Additionally, Ganz Rotating Machines Division has also successfully delivered a 2,360 kW, 6,000 V slip-ring induction motor to a cement plant in Benin, West Africa. 

In 2022, Ganz produced custom-designed products in the European market for, among others, the French Volkswind Gmbh, the Belgian cement company CBR Lixhe, the Lithuanian company Connecto Lietuva, the Serbian company Balkan Petrol Energy, the Romanian energy company, TQM Services, and BIT Invest. While outside of Europe it also delivered units for the Saudi Arabian petrochemical company Satorp and the Israeli energy company, Engis.

Focus on R&D

Ganz has also been able to focus on its R&D activities over the past year, the company says. An important milestone was the partnership agreement signed in the second quarter of 2022 with Maschinenfabrik Reinhausen, the world leader in transformer control in Germany. As a result of the collaboration with MR and the successful R & D activities, Ganz officially launched its latest technological development, Ganz Intelligent Solutions, in the fall of 2022. Then, in the last quarter of the year, the company already delivered the first three transformers equipped with Intelligent Solutions to customers in Sweden, Estonia, and Hungary for a total value of more than HUF 960 mln. By the end of this year, Ganz will deliver a further 18 smart transformers to the domestic and international renewable energy market.

“I believe that 2022 was a breakthrough and highly successful year for Ganz. As we not only returned to the energy market as a brand with a significant history but – through our new sub-brand, Ganz Intelligent Solutions– as a significant market player as well, at the forefront of the renewal and green revolution. In this way, Ganz combines historical tradition with a digital flair and innovative solutions. We hope that this year we can continue to build on these fundamentals, and take the unique products of Ganz, which is 145 years old this year, to even more markets beyond Hungary," said Jan Prins, managing director of Ganz Transformers and Electric Rotating Machines.