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Swiss Stadler to Invest HUF 17 Billion in Hungary for Capacity Expansion at Szolnok Plant

  • 13 Sep 2023 7:09 AM
  • Hungary Matters
Swiss Stadler to Invest HUF 17 Billion in Hungary for Capacity Expansion at Szolnok Plant
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.

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.

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