Siemens Energy Inaugurates Production Hall, Training Center

Manufacturing

Péter Szijjártó, Minister of Foreign Affairs and Trade (background) and Jörn Schmücker, chairman of the supervisory board, at the official hand over the new production hall of Siemens Energy Kft. in Budapest on 23 May 2024.

Photo by Zoltán Máthé / MTI

The local unit of German-owned Siemens Energy inaugurated a production hall and a training center and installed a 1.5 MW solar park in a HUF 26 billion investment at its base in Budapest yesterday, according to a press release.

The investment was supported by a HUF 900 million government grant, Minister of Foreign Affairs and Trade Péter Szijjártó said at the ceremony. The new unit will make gas turbine burner heads. 

Siemens Energy's revenue from its Hungarian operations has doubled, its headcount increased by 400, and the company has spent close to HUF 50 bln on capital investments since it signed a strategic partnership with the government, Szijjártó said. 

He noted that Siemens Energy, jointly with France's Framatome, won the contract to supply the control system for the new blocks of the Paks nuclear power plant.

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