The contents of this website are no longer being updated. You can access all the latest Hungarian news in English formerly featured on the Hungary Matters website and daily newsletters at our refurbished mti.hu portal.

The must-have newsletter about Hungary

STADLER TO INVEST HUF 17 BN IN CAPACITY EXPANSION

 

Swiss train carriage manufacturer Stadler is investing 17 billion forints (EUR 44.2m) to expand production capacity at its plant in Szolnok, in eastern Hungary, creating 170 jobs, Péter Szijjártó, the minister of foreign affairs and trade, said on Tuesday. The investment will expand production capacity by 20%, so that Stadler will be able to turn out 750 carriages every year, Szijjártó said. The government is supporting the project with a 4.8 billion forint grant, Szijjártó said. Around half of the railway and suburban railway carriages currently used in Hungary have been made by Stadler, Szijjártó noted, while 90% of its production goes towards exports to European and US cities, he added.