Hungarian automotive industry: week 15 2022

Audi Hungaria extends vocational training programmes to external companies. In the future, Audi Hungaria is expanding its renowned dual education scheme to also be available for other companies in the region.

Audi Hungaria has also released its financial report for fiscal 2021, saying that the world’s largest engine plant manufactured 1,620,767 power units last year, while vehicle production boasted 171,015 units in 2021, a new record in the company’s history.

Knapp Hungary Kft. has launched production at its new plant in Nemesvámos. The manufacturer of belt conveyor systems invested nearly HUF 6 billion to build a new production site in Nemesvámos in just half a year.

Rába to not pay dividends and retain fiscal 2021 profits. Rába has reported on a successful fiscal period in 2021 despite a series of challenges in the recent period, including the ongoing uncertainty in sources of supply and the crisis of the European energy market.

Hungarian-owned metalworker Metálplaszt Fém- és Műanyagfeldolgozó Kft. is investing nearly HUF 750 million to expand its storage capacity and purchase new equipment at the company’s Jásztelek site. Scheduled for completion in August next year, the investment has received a HUF 524 million non-refundable subsidy from European Union funds.

Chip shortage unlikely to ease in 2022. The management of BMW AG is expecting the shortage of semiconductors to last until 2023, while Volkswagen is anticipating demand to keep exceeding supply capacities until well into the year 2024.

MÁV-Start adds more than 100 new motor trains to its railway fleet. Public procurement proceedings have successfully concluded for the purchasing of 115 new electric motor trains, with the winning bid made in a joint offer by Siemens Mobility Kft. and Siemens Mobility Austria GmbH. Capable of achieving a top speed of more than 200 kilometres per hour, the new motor trains will operate in IC and IC+ services.