Stadler to spend HUF 10 bln on capacity expansion

Industrial

Swiss railway rolling stock manufacturer Stadler will invest HUF 10 billion to double capacity at its train body and bogie plant in Szolnok (east-central Hungary), Zoltán Dunai, chairman of the supervisory board of the Hungarian unit, said on Wednesday.   

The expansion will be implemented at the site of a former sugar refinery in Szolnok, Dunai was cited as saying by state news agency MTI.

In the first phase of the investment, due to be completed by the third quarter of this year, Stadler will build a 8,000 square-meter plant, with 7,000 sqm dedicated to production and the remainder to office activities.

In the second phase, scheduled to be completed by the third quarter of 2019, a warehouse building will be constructed, designed to also serve the unit operating since 2013 in the local industrial park.

Some HUF 1 bln of the total costs will be spent on technological developments.  The headcount is expected to be increased by 15.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.