Ganz’s Manufacturing Increases Presence in Nuclear and Renewable Energy Industries
Ganz Transformer and Electrical Rotating Machinery Manufacturing Ltd. has initiated a HUF 4.65B (EUR 11.8M) technology development project within its rotating machinery business. The project aims to renovate tools and equipment used in production, as well as modernize machinery to transform the plant into a modern manufacturing facility catering to the renewable energy sector.
Expected to be completed within two years, the investment is projected to significantly increase orders for Ganz’s rotating equipment business, with sales forecasted to triple within three years. Additionally, the company plans to double its workforce in the business division.
After resuming production at its Tápiószele plant in 2020, Ganz has expanded its market reach by focusing on meeting the demands of the renewable energy sector. The company has experienced substantial growth in its rotating machinery business, serving clients in Hungary, Europe, and beyond.
Founded in 2020, Ganz Transformer and Electrical Rotating Machinery Manufacturing Ltd. acquired the Ganz factory in Tápiószele and has become one of the largest employers in the region with over 400 employees. The company specializes in custom-made high-voltage electrical equipment and has recorded a significant increase in net sales in recent years.
With a rich history dating back to the establishment of an iron foundry in Buda in 1844, Ganz has evolved into a leading manufacturer in the electrical machinery industry. The ongoing technology development project signifies Ganz’s commitment to innovation and growth in the renewable energy sector.
(Source: Hungary Today)
