Stadler may move production to Hungary - newspaper

Analysis

Swiss rolling stock maker Stadler may move production in Switzerland to Hungary if the Swiss franc continues to appreciate in value, CEO Peter Spuhler said in an interview in the Aargauer Zeitung on Friday.

"If the euro continues to be weak, we will be forced to make trains that we really wanted to build in Switzerland at units in Poland or Hungary," Spuhler told the paper.

The strong franc makes rolling stock Stadler produces in Switzerland more expensive for foreign buyers.

About two-thirds of Stadler Rail's output in Switzerland is exported, Spuhler said.

ADVERTISEMENT

Slovenia's consumer sentiment declines in July Analysis

Slovenia's consumer sentiment declines in July

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.