Production Resumes at Ganz's Szolnok Plant


Gergely Gál

Production at the Ganz Metal Works plant in Szolnok restarted this week. The site, which was bought back by the parent company in 2021, will manufacture the external steel structures of transformers for the transformer plant of Ganz Transformers and Electric Rotating Machines in Tápiószele, according to a press release sent to the Budapest Business Journal.

In order to start production, Ganz has approved a EUR 3.8 million development plan, most of which will be spent on improving production technology and increasing the site's energy efficiency. The full investment program is expected to be completed by 2024, but the first employees joined in June this year and the factory recently began trial operations. The site currently employs around 45 people, but this will soon increase to 50 to ensure continuous production.

Restarting production was an important strategic move for Ganz, the company says. Previously, these steel structures were made in Turkey, but recent years have highlighted more than ever the vulnerability of long supply chains.

Manufacturing in Hungary will shorten supply chains, reduce security of supply risks, and improve quality assurance and manufacturing competitiveness, Ganz notes. The Szolnok plant will also handle assembly orders for other external clients.

"The resumption of production in Szolnok is another important milestone in the life of our company. The development of the site will further reduce our dependence on external suppliers. This will make manufacturing processes more efficient, supply chains shorter and more sustainable. We are confident that with our investment we will actively contribute to the revival of Szolnok's industrial tradition and to the city's sustainability," said Gergely Gál, managing director of Ganz Metal Works.

This is not the only investment in 2023 for Ganz Transformers and Electric Rotating Machines. Just a month earlier the company announced the official start of construction of a 2 MW solar park at its Tápiószele site. Thanks to this development, which is supported by the Factory Rescue Program, with a total value of EUR 11 mln, a significant part of the energy needs of the Tápiószele plant will be covered by electricity generated from renewable energy sources from 2024.


Hungary PMI Rises to 52.2 in February Analysis

Hungary PMI Rises to 52.2 in February

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Colette Matz Named New Country President of Novartis Hungary Appointments

Colette Matz Named New Country President of Novartis Hungary

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony


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.