Alstom to supply European plants with bogies from Hungary
Picture for illustration purposes only.
Photo by photos by keith / Shutterstock.com
French rolling stock manufacturer Alstom plans to supply most of its plants in Europe with bogies made in Hungary in future, the company said on Friday, after a visit to its plant in Mátranovák by Innovation and Technology Minister László Palkovics, according to a report by state news wire MTI.
At present, the plant ships its bogies to Germany and France where Alstom builds them into rolling stock ordered by private railway companies in Germany, France, Austria, Italy, Spain, Switzerland, Belgium, and Sweden.
Gáspár Balázs, CEO of Alstom Transport Hungária, said developments planned at the base will make the plant capable of making bogies for trains and metro trains as well as railway engines and other rolling stock running in Hungary, in line with the government's strategy for rolling stock manufacturing.
Alstom will add Industry 4.0 production technologies and new activities at the plant to boost its competitiveness.
Palkovics said the government is supporting the investments by providing a competitive vocational training system and developing the local network of suppliers.
Alstom plans to increase the plant's headcount from the current 660 in the coming years.
The base generates exports of EUR 35 million-40 mln a year, which is set to grow with the planned developments. The unit will build on its network of around 150 Hungarian suppliers and plans to increase its local purchasesfrom around HUF 3.7 bln at present.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
