Strategic partnership between the Hungarian government and Siemens Energy - VIDEO REPORT

Strategic partnership between the Hungarian government and Siemens Energy - VIDEO REPORT

siemens energyThe Hungarian government and Siemens Energy Kft., the energy company of the German industrial conglomerate Siemens, has entered into a strategic cooperation agreement. The agreement was signed on behalf of the government by Péter Szijjártó, Minister of Foreign Affairs and Trade, and by Markus Kupetz and Árpád Goszták, managing directors of Siemens Energy in Budapest.

The range of strategic partners will be further expanded with one of the outstanding stakeholders in the Hungarian mechanical engineering industry, Siemens Energy Kft. The company holds a dominant presence in Hungary: two factories, sales and engineering centre and the third largest training centre in our country.

The aim of the Government'strategic partnership programme launched in 2012 is to increase both the number of investments and employees of companies established in Hungary, as well as to achieve higher value-added production and research and development in Hungary. Furthermore, to establish a closer relationship with domestic suppliers to become more involved in vocational training and higher education, to promote Hungary to other investors and also to engage in social responsibility.

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 plant in Budapest is engaged in the production of turbine blades and components, as well as in providing technical services.

With an investment of about EUR 40 million a new production hall was constructed, and a significant purchase of production equipment has taken place at the site of Késmárk street since 2016, thanks to which, for the first time in the company's history, the number of hours worked at the site reached 1 million in 2020.

Meanwhile, Siemens Energy intends to strengthen its position in international markets by investing again. The capacity expansion of nearly EUR 3 million will modernise cold-side turbine blade production. This includes the purchase of new machining centres and the modernisation of the 400-square meter hall building. The new machining centre will be suitable for machining 3D surfaces of gas and steam turbine blades of different shapes and sizes.