Hungary
Industry
Singapore-based parts supplier Flextronics has revealed plans to close down its plant in Mor, Hungary by March 2011, which will result in nearly 340 job losses. Although the company...
2010-08-18Industry
Vehicle production in Hungary has seen a highly encouraging growth in H110 as leading industry participants step up output. While Germany's Audi has reportedly increased its engine...
2010-08-03Industry
In what BMI sees as part of Bosch's strategy to consolidate and strengthen its presence in emerging markets, the German parts supplier has announced plans to invest EUR22mn to set...
2010-05-06Industry
Nineteen bus makers have joined forces to form the Hungarian Bus Makers Cluster, a government-backed association which will cooperate on local bus manufacturing. It is hoped the alliance...
2010-04-15Industry
The Hungarian government has approved a HUF22.15bn 'direct, non-refundable' subsidy to Germany's Daimler to aid in the construction of the carmaker's manufacturing facility in the...
2010-04-09Industry
Auto electronics maker Temic Telefunken Microelectronic Hungary will undertake a massive HUF7bn (EUR26.44mn) upgrading project lasting until 2012, with support from the country's...
2010-03-25Industry
South Korean Hankook Tire will invest EUR230mn in its European manufacturing centre in Rácalmás, Hungary in a bid to double production in the region to 10mn tyres a year by 2012...
2010-02-01Industry
Hungary's automotive market will take at least two to three years to recover to the pre-crisis level of 120,000-140,000 units sold a year, believes Peter Erdelyi, the chairman of...
2010-01-12
