General Electric inaugurates 8,000-sqm plant

Pharma

General Electric (GE) today inaugurated an 8,000sqm plant that will make unit control panels (UCP) for combined gas and steam turbine (COGAS) power plants at its base in Fót, on the outskirts of Budapest. 

GE laid the cornerstone of the new plant last summer.

The expansion has created more than 100 jobs, including 40 for engineers, according to Foreign Trade State Secretary Péter Szijjártó, who was in attendance at the inauguration ceremony. GE Oil and Gas manufacturing manager Davide Marrani said Hungary continued to play a key role in the life of GE.

GE is the single largest US-based investor in Hungary and the country’s third-biggest exporter. With twelve plants, three regional business centers and three research and development units, GE currently employs over 12,000 in Hungary.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

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.