Stadler's operations in Hungary
Stadler Rail AG – Swiss train manufacturer - chose Hungary as the site for its new factory. Stadler, is contracted to supply state railways - MAV Zrt. - with new motorcars, chose Hungary rather than choosing Poland, or its home country. The director of Stadler's operations in Hungary says that Stadler headquarters had not yet made a final decision on the location of the new plant. This future investment is expected to be in the region of 10-15 billion HUF. The factory is to produce 40-50 aluminum carriages annually, with an expectation to see a return after 7-8 years and could create 300 jobs. Stadler has not yet decided on the form of the investment, which involves introducing new technology to Hungary.
ADVERTISEMENT
Economic Development Ministry Responds to Banking Concerns
Parl't Approves Amendments to Legislation on Judiciary
Retail Sales in Hungary Down 12.6% y.o.y. in April
Hungary Tourism Spending Surplus Reaches HUF 265 bln in Q1
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.
