Siemens Power and Gas

Type
Business expansion
Country
Hungary
Region
Közép-Magyarország; Budapest; Budapest
Location of affected unit(s)
Budapest
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
150 jobs
Number of planned job creations
Job creation
Announcement Date
20 June 2017
Employment effect (start)
20 June 2017
Foreseen end date

Description

German industrial manufacturing conglomerate Siemens laid the foundation stone of its Budapest turbine blade manufacturing plant. Located at the Siemens Power and Gas facility, the 10,000 square meters new plant will start production in 2019, after an invertment of HUF 10 billion (EUR 32,6 million). The investment also includes the expansion of an already existing building by 2,500 square meters.

The new facility will create 150 new qualified jobs. 50 people are already being trained in Berlin and soon 9 more will join them.

Siemens employs around 3,000 people in Hungary.

Sources

  • 20 June 2017: hvg.hu

Citation

Eurofound (2017), Siemens Power and Gas, Business expansion in Hungary, factsheet number 91454, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91454.