Schaffner moves last of production from Western Europe to Hungary


Switzerland’s Schaffner Group, Europe’s biggest maker of electromagnetic compatibility (EMC) products, is moving the last of its production from Western Europe to Hungary, business daily Világgazdaság reported on Tuesday.

Schaffner will start production in May of EMC products as well as transformers at a plant it is building in Kecskemét (central Hungary), Schaffner EMV Hungary managing director László Mócza told Világgazdaság. Last year Schaffner bought German peer Jacke and moved production from the unit’s base in Germany to Hungary. Only Schaffner’s R+D activities have remained in Switzerland and Germany, though production development is expected to be moved to Hungary soon, Mócza said. Schaffner’s staff in Hungary will rise 50-100 to 200-250, when the plant in Kecskemét is completed. The plant is being financed in a leasing construction with UniCredit Bank, Mócza said, though he declined to reveal the cost of the investment.

Schaffner picked Hungary to move its production because the economic and political conditions were good for development, Mócza said. He added that Hungarian wages are the lowest in the region. Schaffner had revenue of Ft 2.26 billion (about $14 million) in 2006, figures from the Company Court show. (MTI-Econews)


Hungarians Want to Live to 96 Analysis

Hungarians Want to Live to 96

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Wizz Air Malta Names Managing Director Appointments

Wizz Air Malta Names Managing Director

2 Protests to Take Place in Budapest on Aug 20 City

2 Protests to Take Place in Budapest on Aug 20


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.