Leading Metro Car Supplier Expands its Regional Footprint With Large-Scale Investment
2024. 04. 11.
French-owned Alstom has announced to add major manufacturing capacities at its site in Mátranovák where railway bogie frames are made. The HUF 6 billion investment creates almost 150 new jobs.
Alstom has been operating in Hungary for more than 20 years, and it has made a reputation by becoming one of the largest metro car suppliers in the country. The plant in Mátranovák (100 km northeast from Budapest on road) specializing on making railway bogie frames was integrated in the company portfolio in 2021, and as such, it is now one of its manufacturing hubs of strategic importance in the region.
In addition to conventional and high-speed trains, suburban trains, locomotives and double-decker wagons, the bogies for hydrogen trains, which triggered a major innovation in rail transport, are also produced at the site located in Nógrád county.
Alstom has now announced to increase its production capacity in Hungary. By investing HUF 6 billion, upgrading machinery and rethinking processes are bound to result in surging output by 40%.
The development is scheduled to be finished by the end of 2025.
Sector articles
Feintool, a Swiss-owned leader in precision electrical steel and formed steel components manufacturing, is investing EUR 34.1 million to expand its Tokod facility in Hungary’s Esztergom district. The project will add 6,740 square meters to the existing plant, wi...
2024. 12. 17.
Automotive #AutomotiveChinese electric car manufacturer BYD first Hungarian Suppliers' Forum in Budapest attracted more than hundred domestic companies. At the two-day event, organised by HIPA Hungarian Investment Promotion Agency, Minister of Foreign Affairs and Trade Péter Szijjárt...
2024. 10. 16.
Automotive #AutomotiveSMR Automotive Mirror Technology Hungary Bt., a Motherson Group company, has announced to implement a EUR 33.3 million investment in Hungary. The Indian automotive supplier’s development aims to expand production and logistics capacities and install automation a...
2024. 06. 06.
Automotive #Automotive