Schneider Electric Invests Billions in Hungary in 2023

Manufacturing

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France's Schneider Electric has invested billions of forints at its plants in Hungary this year, the company told MTI.

Schneider Electric plans to start production at its Duna Smart Power Systems plant in Dunavecse in H1 2024. The cornerstone of the EUR 40 million smart plant was laid in March and the 25,000 sqm building is being outfitted with equipment.

The company has swapped out SF6 gas, which has a high global warming potential, for pure air insulation and vacuum technology in the production of medium voltage switchgear at the plant.

Schneider Electric also launched around HUF 5 bln of production upgrades at its base in Zalaegerszeg and spent about HUF 900 mln on developments at the factory in Gyöngyös.

The company employs around 2,000 people at four factories, a regional logistics base and a shared services center in Hungary.

Last year, the company's Hungarian business had revenue of close to HUF 380 bln.

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