Hungarian Investment Promotion Agency

The roots of Siemens’s energy business can be traced back to 1866, while the independent Siemens Energy based in Munich was established in 2020. The company is present in Hungary with two sites. The plant in Budapest is engaged in the production of turbine blades and components, as well as in providing technical services.

Now Siemens Energy is executing a series of investments worth EUR 70 million until 2025 as a result of which 400 new jobs will be created. A key step of this endeavour is the building of the two-story production hall of which foundation stone has been laid where combustion systems for modern gas turbines will be manufactured. The building will be home of Siemens Energy Training Centre that supports the dual education program of the company.

The Hungarian subsidiary plays an increasingly important role in the global strategy of Siemens Energy since development and growth are buzzwords with respect to business development and engineering activities as well as supply chain management and other central functions, among others. Siemens Energy is further set to proceed with supplier and partner development in Hungary both in the field of power plant construction and manufacturing.