German conglomerate company Siemens expands its gas and steam turbine blade plant at its Power and Gas plant facility in Budapest.
"Siemens had chosen Hungary as the site for its latest state-of-the-art technology investment, and the company’s investment of 10 billion forints will serve to expand its current production area by 2500 square metres and construct a new 10 thousand square metre production hall, with which it will create 150 new jobs for technicians", Minister of Foreign Affairs and Trade Péter Szijjártó said at a ceremony in Budapest on Tuesday. According to Kormány.hu, Siemens is expanding its gas and steam turbine blade plant at its Power and Gas plant facility in Budapest with an investment of some 10 billion for tins (EUR 32.5M).
“The significance of the investment is increased by the fact that the world’s energy industry is changing, with both renewable energy sources and nuclear energy gaining in importance. Siemens of one of the global leaders in realising power plant projects of this nature, and the company’s investment in Budapest means Hungary will now be among the world’s frontrunners in yet another sector of industry”, the minister said.
