The plant will produce medium voltage equipment for electrical distribution systems. The investment will reach HUF 16 billion.
The smart factory will cover 20,000 sqm and its operation is set to be carbon neutral. Schneider Electric says that it will utilize the most advanced industrial technology will be used to produce medium-voltage equipment for electrical distribution systems.
Easy connectivity to the M8 motorway and to Schneider Electric's Central European Logistics Centre (CEELog) in Szigetszentmiklós as well as the fact that the company’s Global Procurement Hub (GSC) is headquartered in Budapest played a major role in the choice of the location.
"The new investment clearly underlines the prominent role of Hungary at Schneider Electric and will further enhance the competitiveness of our company in Europe in the medium voltage products market. We have significant growth expectations for the future at the group level. Just thinking of the replacement of fossil fuels and the ever-growing share of renewable energy usage both on the retail and industrial levels, as well as the outstanding rise of e-mobility infrastructure and the growing demand for digitization and data centers," says Zsolt Veres, country general manager of Schneider Electric.
"As a result, there’s a need to continuously improve utility networks and optimize energy efficiency. That's why at Schneider Electric we are ready for investments and developments like this one so that we can serve these emerging needs in the most complex and professional way possible," he adds.
The plant will bring 500 high-skilled jobs for people living in the area beyond 2025.
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