Europe’s largest turbine blade manufacturing plant expands in Budapest
Siemens Zrt. is to invest EUR 32.3 million in its Power and Gas business branch by expanding its Budapest plant. The plant extends its product portfolio in Hungary by starting up the manufacturing of hot-side turbine blades requiring the expansion of the existing manufacturing area of the plant by more than 12,500 m2 and a highly qualified staff of at least 150 employees. The Hungarian Investment Promotion Agency (HIPA) supported the implementation of the project by providing professional assistance throughout the whole decision-making process.
A Siemens AG is one of the world's leading technological giants. With a history looking back on more than 165 years, the German corporation is providing standards and expertise in power generation, digitisation as applied in the production, transmission and the effective utilisation of the energy of the future. As a multinational company with a presence in 200 countries worldwide, Siemens employs about 350,000 persons in total. Its significance is well-demonstrated by the fact that every fifth megawatt produced globally is generated by Siemens technology.
Building on the skills and proficiency of our human capital, Siemens is now introducing the production of a new generation of turbine blades in its Power and Gas manufacturing plant in Budapest. Due to the new project, the number of employees at the plant will be increased by 150 highly qualified engineers and operators, reaching a total number of 700 employees. As a part of the investment, 2500 square-metres will be added to the current manufacturing hall, while a new 10,000 square-metre hall will also be erected in the same project. Construction is to start before the end of 2016, while production is expected to begin in 2018.
As a result of continuous investments and expansion of the business portfolio, the Budapest plant has now become the biggest turbine blade manufacturer in Europe, and it developed into the global competence centre of Siemens. The plant produces turbine blades and other components for gas and steam turbines to be fully exported to foreign markets.