Hungarian automotive industry: week 48
HUF 31 billion investment launched in Kecskemét, Audi opens geothermal plant, Miskolc sets in motion HUF 0.5bln research project. In other news, Hungary develops new electric bus and Dunaferr to continue cost-cutting measures.
Manufacturers
A Hungarian company is developing a new electric bus: Péter Nemes, CEO of Sedulitas-Pro Kft., disclosed details about the company's new development, the E91-E urban bus concept.
The company converted an Ikarus E91, fitting it with an electric motor and batteries.
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Last week, the Győr-based Audi plant handed over a new geothermal plant.
The new geothermal centre handed over last week will account for 60 percent of the plant's annual thermal energy consumption.
Suppliers
A new 96,000 m2 manufacturing unit, built by SMR with a HUF 31 billion investment in Kecskemét, will create 450 new jobs. The company held the new unit's groundbreaking ceremony last week.
Dunaferr set to continue cost-cutting measures. The company's president said last week that if necessary, further austerity measures will be imposed.
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| SMG builds new bumper plant in Kecskemét |
It was announced last week that Universal Robots is looking to strengthen its regional presence with new strategic objectives in the CEE region.
Service providers
According to a recent government decision, the Hungarian state will also participate in the operation of industrial parks after establishing a new company responsible for the operation and development of business parks.
The Hungarian Gas-powered Transportation Cluster Association (MGKKE) announced last week to launch a gas-powered transportation development programme.
The €17 million project, dubbed PAN-LNG, will allow Hungary to join the European LNG charging station network by 2017.
Education
Last week, Hungarian and Chinese company executives signed partnership agreements at a total value of nearly $2 billion in Beijing.
As a result of the cooperation, Széchenyi István University in Győr is looking at a significant laboratory development project in the near future.
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| Hungarian and Chinese company execs sign partnership agreements in Beijing valued at $2 billion |
The University of Miskolc received over HUF 0.5 billion from European Union funds for the development of an autonomous robot to be used in inundated mining areas.
Economy
In Q3 2015, the volume of investments in Hungary decreased by 3.4 percent y/y. In the same period last year a 13.6 percent growth was registered.
Compared to the previous quarter, the volume of investments declined by 0.9 percent, according to a report by the Hungarian Central Statistical Office (KSH).
