Hungarian Investment Promotion Agency

The market power of the Doosan Group having over 120 years of tradition is reflected by the fact, that they are present in nearly 40 countries and their turnover in 2018 exceeded USD 16 billion; furthermore, they employ more than 38,000 people worldwide. Doosan is represented in numerous industries from the construction industry to electronics, however, with their latest developments they are also opening to the automotive industry, which is facing a gigantic transformation, as well as to 5G.

With their investment in Hungary, Doosan reinforces its electronics branch, which industry based on the latest data produces in 7 countries and employs some 2,000 people. Its most important partners include Apple, Cisco, Facebook, Huawei, Intel, Nokia, Samsung and SK Innovation.

Thanks to the new manufacturing unit, Doosan may become one of the decisive suppliers of copper foil on the electric vehicle (EV) market in Europe, therefore it might be able to endeavour from a beneficial position on the American and Chinese extension in the future.

Over the recent years three substantive Asian battery manufacturers: the South-Korean Samsung SDI and SK Innovation, as well as the Japanese GS Yuasa all chose Hungary, consequently created their European manufacturing hubs here. Due to the decisions, several other companies engaged in the EV industry also decided by Hungary; among others, Infineon, INZI Controls and the Toray Group chose us in 2019 as the location for their electromobility-related investments.

During the recent decades Hungary managed to establish specifically vivid economic relations with South-Korea; the Asian country is the biggest investor in Hungary in 209 H1, and in addition, two Korean companies already belong to the strategic partners of the Government (Hankook and Samsung).