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Old October 5th, 2007, 08:56 AM   #1
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[Hungary] Gazdasági hírek | Economy News

German electronic components manufacturer Epcos AG plans to relocate additional production to its Hungarian subsidiary.

http://www.itdh.com/engine.aspx?page...ir_en_070703_2

The production of aluminium-electrolyte capacitors will be moved from its Brazilian plant to Szombathely in Hungary.
Epcos has been permitted by the local council in Szombathely to invest 2.85 million dollars in a 2000 square metre plant for production.
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Old October 5th, 2007, 09:00 AM   #2
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Cadence Innovation Expands Manufacturing Footprint To Esztergom, Hungary.

http://www.itdh.com/engine.aspx?page...=hir_en_070703


Esztergom, Hungary, 8th June 2007 - Cadence Innovation conducted a grand opening ceremony commemorating the official start of production at its newest manufacturing plant.

This investment was made to supply an additional Japanese automaker in the region - Magyar Suzuki Corporation Ltd. Operating under the name Plastimat, the plant is managed through a joint venture between Cadence Innovation (74% ownership) and Sumitomo Corporation Group (26% ownership). Plastimat is the sole supplier of door panels across four (4) vehicles - the Suzuki Swift, Suzuki Swift Sport, Suzuki SX4 and the Fiat Sedici. The facility's production capacity is 1.2 Million door panels (per annum). Located in the Esztergom supplier park, the door panels are delivered directly to the Suzuki assembly plant via SILS by Summit D&V (a Sumitomo Corporation Group Company). This investment is the first in a series which are driven by the Cadence growth plan. "Our strategy is to methodically pursue expansion of our manufacturing footprint in key growth regions such as Eastern Europe," said Jerry L. Mosingo, President and Chief Executive Officer, Cadence Innovation LLC. "We are very proud of the Cadence team that manages the Plastimat joint venture and the development of this new site. This is a green field plant that began construction in March of 2006 and quickly started manufacturing operations in November of the same year," said Pavel Neuman, President, Cadence Innovation k.s. "This year, we will install a new back-injection technology as well as laser cutting equipment for door panel production in this plant that will support Suzuki's successor platform which is scheduled for launch in the 4th quarter of 2007," said Neuman.

Cadence Innovation
Cadence Innovation is a $650 million automotive supplier offering design, engineering, manufacturing, and assembly/sequencing solutions for interior and exterior components, systems and modules in four areas - interior trim including instrument panels, consoles and complete cockpits, exterior trim including painted bumpers/fascia, rear closure modules and radiator grills, door panels/modules and cargo management systems. Operating in six countries, the company has over 4,200 employees at 17 facilities and supplies its products to automotive manufacturers around the world. Cadence Innovation k.s., established in 1946, operates three manufacturing plants and a tool shop in the Czech Republic. The plants are in Liberec, Nymburk and Liban. European headquarters, as well as the research and development center, are located in Liberec.

Sumitomo Corporation
The company was established in 1919. It is a leading integrated trading company with its headquarters in Japan, having more than 50,000 employees in more than 140 offices and 875 subsidiaries and associated companies worldwide. In the automotive business, Sumitomo Corporation combines various services: supply production facilities, materials and components to car manufacturers, export cars from Japan, import and distribute cars in foreign markets, providing financing services. Summit D&V is one of Sumitomo Corporation subsidiaries providing logistics and assembly services to car manufacturers.

Last edited by RawLee; October 5th, 2007 at 11:13 AM.
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Old October 5th, 2007, 09:01 AM   #3
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K+N Opens Logistics Site in Hungary

http://www.itdh.com/engine.aspx?page...nt=hir_070909a


The Hungarian subsidiary of Swiss warehousing and logistics company Kuhne & Nagel has opened 6,000 square metre logistics terminal in Polgar, Hungary.

With the new facility, Kuhne & Nagel warehouse capacity in the country reached some 32,000 square metres, concentrated mainly in the capital Budapest, western Kormend and eastern Polgar.

Kuhne & Nagel said it was attracted by the central location of the industrial park of Polgar, which is within 20 minutes reach from the district centres of Miskolc, Nyiregyhaza, Debrecen and Eger and an hour-and-a-half drive from the borders of Slovakia, Ukraine and Romania.
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Old October 5th, 2007, 09:03 AM   #4
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Bosch opens new production hall at Hatvan factory in Hungary

http://www.itdh.com/engine.aspx?page...nt=hir_070909b


The Hungarian unit of Robert Bosch has opened a new production hall at its Hatvan factory on Thursday. By the end of 2007, the Hatvan plant plans to hire 300 new employees.

The Hatvan site, covering 200,000 square metres, including three halls with 69,000-sqm production area, has now been extended by a fourth hall with a total area of 20,000 sqm.


The new production hall is part of Bosch's investment programme of EUR 90 million running from 2006 to 2008 for the expansion of the Hatvan plant.

"[...] Now we are even better equipped to meet the rising demand of our global customers for advanced automotive electronics," said Volkmar Denner, Member of the Bosch Board of Management, in his remarks during the opening ceremony.

“We have built this new production hall to increase the production capacity of electronic control units, which is a strongly growing product area," said Thomas Schönenberg, Commercial Manager of the Hatvan plant.

Robert Bosch Elektronika Kft. currently supplies its products to 250 customer plants throughout the world.

The Hatvan Bosch factory, which produce mainly electronic control units for engines, controlling a range of engine functions like injection and engine speed, will be delivering automotive electronic products made in the new production hall to various customers throughout Europe.

“These products are contributing to the reduction of CO2 emission," said Sven Ost, Technical Plant Manager.

Since the beginning of 2007, Robert Bosch Elektronika Kft. has been hiring and training workers for the production hall, where 120 new employees now start working.

By the end of 2007, the Hatvan plant plans to hire an additional 300 new employees of various qualifications.

With over 3,100 employees, Robert Bosch Elektronika Kft. is the biggest employer in the region. It posted sales of EUR 650 million last year, and plans to generate around EUR 850 m revenues in 2007.

Currently 120,000 automotive electronic products are produced per day, and this will increase to 160,000 units by the end of 2009.

In total, Bosch currently has 7,300 employees in Hungary, considerably more than last year (6,300 in January).
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Old October 5th, 2007, 09:03 AM   #5
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Spanish Iberalty in Budapest

http://www.itdh.com/engine.aspx?page...t=hire_070925b


Creating 61 jobs, Iberalta (Spain) is investing $12.2 million into the Hotels / Tourism & Leisure sector in a business services project in Budapest.

Iberalta, the largest tourist service provider in Spain, is to set up its regional centre in Hungary. The Seville-based group plans to open its Budapest office, with its local partner ECC Consulting, by the beginning of 2008, to co-ordinate its activities in Central and Southern Europe from there.
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Old October 5th, 2007, 09:04 AM   #6
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Chinese packaging firm invests in Hungary

http://www.itdh.com/engine.aspx?page...nt=hir_070909c


A Chinese producer of biodegradable plastic food packaging is making a major move into Europe with an EUR 18 m investment in Borsod-Abauj-Zemplen county, Hungary.

Livan Biodegradable Product Co is to build a packaging plant. They will employ 800 people and will initially produce 50,000 tonnes a year of starch-based packaging materials for the domestic and European food industries.
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Old October 5th, 2007, 09:04 AM   #7
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Schaeffler Opens New Plant in Hungary

http://www.itdh.com/engine.aspx?page...hir_en_070916b


German automotive bearings company Schaeffler Group has inaugurated a new $97 million rolling bearing plant in Hungary. The new plant has a staff of 1,100 people.

The group has been operating on the site of the Hungarian Rolling Bearing Works (MGM), but as the production units did not meet current requirements, the company decided in 2005 to build a new plant, owner Maria-Elisabeth Schaeffler said at the opening of the plant in Debrecen.
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Old October 5th, 2007, 09:04 AM   #8
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Klepierre investment in Hungary

http://www.itdh.com/engine.aspx?page...t=hire_070925c


Creating 4,588 new jobs, Klepierre (France) is investing $317.42 million in the Hungarian real estate sector in a construction project.

Description: French real estate specialist Klépierre has begun a project to build a shopping centre in Hungary, which is part of the Corvin Promenade Project, currently the largest city centre regeneration effort in Central Europe. The centre is spread over 34,600 square meters of rental space distributed over four levels, including one devoted to a food and entertainment court. The centre will also include nine mid-sized retail units, a supermarket and an underground parking lot offering 1,200 slots on three levels.
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Old October 5th, 2007, 09:05 AM   #9
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New Tondach investment

http://www.itdh.com/engine.aspx?page...hir_en_070916a


Tondach Group (Austria) is investing 48.36 Million US$ into the city of Békéscsaba in Hungary in the Building Materials / Ceramics & Glass sector in a Manufacturing project, creating 60 jobs.

Ceramic tile maker Tondach is to spend nearly HUF 9 billion to install the latest technology of roof tile manufacturing in its new plant in Békéscsaba, Hungary. Tondach will have a capacity of 30 million roof and profile tiles in its new factory, which will create 60 jobs. The plant, to be added to the company's existing plant in scope of a green-field investment, would sprawl on about 30,000 square metres.
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Old October 5th, 2007, 09:06 AM   #10
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Sal Oppenheim to Expand in Central Europe

http://www.itdh.com/engine.aspx?page...t=hire_070925a


German private bank Sal Oppenheim plans to open an office in Budapest, Hungary in 2008

The bank will establish an office in Poland (Warsaw) at the same time. Sal Oppenheim already has an office in the Czech Republic (Prague).

The bank decided to open the offices in Budapest and Warsaw based on its positive experience in the Czech market, said Harald Friedrich, who heads Sal Oppenheim's operations in Central and Eastern Europe. He added that the bank sees Eastern Europe as an interesting growth market which promises "liquidity on a grand scale".
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Old October 5th, 2007, 10:58 AM   #11
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Quote:
Originally Posted by RawLee View Post
Bosch opens new production hall at Hatvan factory in Hungary

http://www.itdh.com/engine.aspx?page...nt=hir_070909b


The Hungarian unit of Robert Bosch has opened a new production hall at its Hatvan factory on Thursday. By the end of 2007, the Hatvan plant plans to hire 300 new employees.

The Hatvan site, covering 200,000 square metres, including three halls with 69,000-sqm production area, has now been extended by a fourth hall with a total area of 20,000 sqm.
Bosch is doing a massive promotion at BME as well and offers jobs for post- and under-graduates. They've got pretty hostess chicks to advertise themselves And who gets a job at them, can go on a test drive with a rally car or something like this...
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Old October 5th, 2007, 11:17 AM   #12
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ITDH opens office at new Hungarian consulate in Chicago

http://www.itdh.com/engine.aspx?page...ontent=itdhchi


The Hungarian Investment and Trade Development Agency (ITDH) on Thursday opened an office in Chicago, in Hungary's new consulate.

The office will represent Hungary in 15 states in the Midwest, including Ohio, Missouri, Mississippi, Minnesota, Michigan, Louisiana, Kentucky, Iowa, Indiana, Illinois, Arkansas, Alabama, Tennessee, West Virginia and Wisconsin.

ITDH is taking a road show to the southern US state of Texas on October 17-19. US ambassador to Hungary April Foley and Hungary's ambassador to the US Ferenc Somogyi will be joined by Finance Minister Janos Veres in Houston, Austin and Dallas for the road show.

The purpose of the event is to present the business case for U.S. companies to consider Hungary as their commercial hub in the EU. Hungary has attracted more than US$71.5 billion total in FDI since 1989, with the U.S. accounting for nearly US$10 billion. EU membership increased infrastructure development, improved highways, telecommunications, the electricity grid, and waste management, are only a few of the advancements that have strengthened the business environment. Hungary enjoys a well-developed financial sector and sound legal systems that contributed to its 4 percent GDP growth in each of the past three years. Hungary is slated to receive EUR 23 billion in EU funds over the next 7 years, offering outstanding opportunities for U.S. companies, either through their EU subsidiaries or though partnerships with Hungarian companies
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Old October 5th, 2007, 11:44 AM   #13
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Great job, RawLee!

OFF
Quote:
Originally Posted by tersyxus View Post
Bosch is doing a massive promotion at BME as well and offers jobs for post- and under-graduates. They've got pretty hostess chicks to advertise themselves And who gets a job at them, can go on a test drive with a rally car or something like this...
I'm going to the Bosch-day at Hungaroring on 19th Oct., is anyone else coming?
ON
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Old October 5th, 2007, 12:58 PM   #14
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A "graph" I grabbed from a presentation,which is from the same site as the news:
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Old October 5th, 2007, 10:11 PM   #15
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this is rather old but worth to read. 7 billion EUR is a great figure.

Hungary TriGranit buys 50% of Russian real estate co
Wednesday, 19, September 2007 05:19:00 PM

Hungary-based TriGranit, one of the largest real estate developers in Central Europe, has announced on Wednesday that it started to realise its heralded EUR 5 billion worth of investments in Russia by purchasing 50% of Torgoviy Kvartal.

“The partnership will enable both companies to use the growing potential of the Russian market to the full extent and bring to life new projects for the amount of over 1 bln. Euro in the coming years," TriGranit said in a statement.

“This transaction provides TriGranit with a platform for expansion, strengthening our access to a highly perspective Russian market, and a gateway to new opportunities," TriGranit President Sándor Demján said in a statement.

The partners aim to become one of Russia's five leading real estate companies.

While neither party disclosed the purchase price, Russian paper Vedomosti said, citing industry experts, it could have been between EUR 200 m and EUR 300 m, mostly likely around EUR 240-250 m.

The current project portfolio of Torgoviy Kvartal includes shopping and leisure centres in Naberezhnye Chelny, Nizhni Novgorod, Omsk and Domodedovo in Moscow region.

Torgoviy Kvartal has built and leased out 104,000 square metres of area in three shopping malls and plans to embark on projects with space of over 266,000 sqm in the Moscow region (Domodedovo), Omsk and Krasnoyarks, among others.

Torgoviy Kvartal is holding analysis and negotiations on land plots in Penza, Ryazan, Samara, Saratov, Ufa, Kazan, Syktyvkar and other regions in Russia.

Early this year TriGranit brought to life a joint venture with Gazprombank-Invest, a unit of Russia's gas monopoly Gazprom, to finance its property projects in Russia.

It set out to build thirty city centres all over the country with EUR 7 bn (USD 9 bn).

In June, TriGranit also signed an agreement with St. Petersburg Governor Valentina Matviyenko on projects incorporating areas of economic, cultural, social, industrial and educational development.

The company will actively participate in the complex development of "Badayevskiy" depot complex, which will create the new centre of St. Petersburg. WestEnd City Centre in Budapest will serve as a prototype for the revitalization of plots around “Vityebszk"and further railway station.

TriGranit plans massive developments of commercial centres, hotels, residential, offices towers, cultural institutions, local TV studio and new city centres in the region, with full backing by the municipality of St. Petersburg.

TriGranit is a fully integrated real estate investment, development and management company. With operations in 11 countries in Central and Eastern Europe, a large portfolio of completed trophy assets, and a pipeline of over EUR 8 billion of major mixed-use developments, as well as a number of public private partnership (PPP) investments, TriGranit is well positioned to participate in the expanding real estate markets.

2007.09.05 14:48
Hungary TriGránit looks to the east, plans to quintuple Russian unit value in 5 yrs
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Old October 8th, 2007, 02:53 PM   #16
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Egymilliárdos beruházás: indulhat a biogázüzem Bánhalmán
2007-10-07 14:03:54
Heteken belül ünnepélyesen is átadják a bánhalmai biogázüzemet. Működésének köszönhetően hulladékból keletkezik tiszta energia.

A beruházó cég vezetése 2006 nyarán döntött a kenderes-bánhamai biogázüzem elindítása mellett. Az építési munkálatok ez év március végén kezdődtek, az áramtermelést pedig szeptember 1-jétől indították el.
— Cégünk egy milliárd forintos beruházással hozta létre az 1 MWh teljesítményű biogáz kiserőművet Kenderes-Bánhalmán — mondta el Szűcs Pál, a magyar tulajdonú fejlesztő cég ügyvezetője. — Az erőmű évente 42 ezer tonna mezőgazdasági alapanyagot használ fel, melyből 28 ezer tonna a Középtiszai Mezőgazdasági Zrt. kenderesi telephelyén keletkező sertéshígtrágya. Ezzel a sertéstelepen képződő trágya közel 50 százalékát alakítjuk át és hasznosítjuk környezetbarát módon. Mindemellett közel négyezer tonna sterilizált vágóhídi húspépet is feldolgozunk, melynek egyéb hasznosítási módja jelenleg korlátozott lenne.
Az összes megtermelt villamos energiát az EON Tiszántúli Áramszolgáltató Zrt. veszi át. A megtermelt villamos energia mennyisége folyamatos üzemmód mellett várhatóan 7 GWh évente. A keletkezett hő mintegy 30 százalékát maga az erőmű használja fel, a fennmaradó mennyiség hasznosítása a telephely közelében későbbiekben megvalósuló beruházások által történik majd. A biogázüzem 300 hektár földterületen termelt mezőgazdasági terméknek jelent hosszabb távon biztos felvevőpiacot, közvetlenül 3-4 fő számára teremt munkalehetőséget, az alapanyag-ellátási és szállítmányozási igénye révén közvetve további vidéki munkahelyek kialakításához és megtartásához járul hozzá.
— Nemrégiben kezdte meg telepünkön működését a biodiesel üzem, most pedig a biogázüzem építéséhez is mi adtuk a területet, beszállítóként veszünk részt a termelésben, illetve hasznosítjuk a visszamaradó anyagokat — tette hozzá Sas János, a kunhegyesi Középtiszai Mezőgazdasági Zrt. igazgatója. — A biogáz termelés „melléktermékeként” évi 39 ezer tonnányi mennyiségben keletkező biotrágyát a mi termőföldjeinken használjuk fel. Ennek köszönhetően megközelítőleg 300 tonna műtrágya és 35 ezer köbméternyi öntözvíz kiváltása lehetséges olyan anyaggal, amely sokkal magasabb biológiai értéket képvisel.
A bánhalmai biogázüzemmel olyan zöldenergia termelő kiserőmű jött tehát léte, amelyek a meglévő energiaforrásokat aknázza ki. Megfelel a környezetvédelmi törekvéseknek, jobb kihasználtságot biztosít a térség mezőgazdaságának és biztonságosabbá teszi az energiaellátást.
source:http://www.szoljon.hu/index.php?apps=cikk&cikk=97403

short summary: A biogas power plant worth 1billion HUF will be inaugurated in a few weeks at Bánhalma. It will have 1 MWh output. It will use 42000 tonnes of "fuel",out of which 28000 tonnes will be the biological waste(liquid excrement) of the nearby pig farm. It will produce 7GWh electricity annually,while 30% of the produced heat will be used by the facility itself. The remaining could be used by the future developments nearby. Directly it means 3-4 new workplaces. The fertilizer remaining in the power plant will be used by same company that supplies that 28 thousand tonnes of biological waste.
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Old October 8th, 2007, 05:12 PM   #17
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Quote:
Originally Posted by tersyxus View Post
Bosch is doing a massive promotion at BME as well and offers jobs for post- and under-graduates. They've got pretty hostess chicks to advertise themselves And who gets a job at them, can go on a test drive with a rally car or something like this...
I thought you are going to say they would win a test drive of a hostess.
Rawlee, keep on your brilliant work!
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Old October 8th, 2007, 06:28 PM   #18
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"Népszavazást tartanak vasárnap a Fejér megyei Tordason arról, hogy épüljön-e agyagbánya és téglagyár a falutól másfél kilométere lévő Öreghegyen. A szavazást az önkormányzat kezdeményezte, mert a lakosok egy része ellenzi a településnek évente 50-60 millió forint iparűzési adót hozó beruházásokat. Ha a többség támogatná az agyagbánya és téglagyár építését, akkor másfél éves szakhatósági vizsgálatok után indulhatnak el a beruházások, és várhatóan két és fél év múlva valósulhatnak meg."

Summary: There will be a referendum in Tordas(Fejér county) about a planned clay mine and brick factory at the nearby(1,5km)Öreghegy(old mountain). If the majority says yes,then this will mean an extra 50-60 million HUF industrial tax for the village. Construction could start after the plan is approved,which is 18 months,and then 2,5years until the factory and the mine will be operational.
source:
http://index.hu/politika/belhirek/329612/
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Old October 9th, 2007, 06:51 AM   #19
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Doesnt really have economic importance,but interesting:
A new mineral was discovered in Hungary. Its called Kochsándorit.

The white spots are the mineral in question.
This is not the first mineral named after a hungarian. The krennerit is named after Krenner József geologist and the klebelsbergit is named after Klebelsberg Kunó, who was a religion and education minister.
http://index.hu/tech/tudomany/koch071008/
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Old October 11th, 2007, 12:20 PM   #20
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http://index.hu/gazdasag/blog/2007/1...bankautomatat/

The american CNR company expands it ATM production capacity in Hungary(which is its biggest factory already),raising its employees' number from 600 to 750. 80% of its products are exported.
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