# Siemens plans HUF 10 billion investment in Budapest plant

Siemens is planning to spend HUF 10 billion on developments at its Budapest plant over the next three years, including building a new 10,000 sqm production hall and adding 2,500 sqm to the existing one. The investment is expected to create more than 150 engineering jobs.

- Type: Expansion
- Announced: 2016-11-22
- Where: Budapest, Hungary
- Value: $35.0M (10.0B HUF)
- Jobs: 150
- Starts operating: 2018
- Status: announced
- Capacity: 10,000 sqm new production hall, 2,500 sqm addition
- Products: turbine blades, large steel components for gas and steam power plants
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md)

## Sources

- [bbj.hu](https://bbj.hu/economy/environment/recycling/siemens-eyes-huf-10-bln-investment-in-budapest/), 2016-11-22: "Siemens is planning to spend HUF 10 billion on developments at its Budapest plant over the next three years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.