# Schneider Electric breaks ground on €40M smart factory in Dunavecse, Hungary

Schneider Electric broke ground on a new €40 million smart factory in Dunavecse, Hungary, spanning 25,000 m² and employing 500 people. Production of switchgears and components is expected to start in 2024.

- Type: New facility
- Announced: 2023-03-22
- Where: Dunavecse, Hungary
- Value: $43.2M (40.0M EUR)
- Jobs: 500
- Starts operating: 2024
- Status: under construction
- Products: primary and secondary switchgears, low voltage cabinets, medium voltage switchgear
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md)

## Sources

- [se.com](https://www.se.com/ww/en/about-us/newsroom/news/press-releases/schneider-electric-investing-%E2%82%AC40-million-in-new-smart-factory-in-hungary-641aca55c7bfadd2a4088f64/), 2023-03-22: "Schneider Electric broke ground on its new smart factory in Dunavesce, Hungary"
- [thediplomat.ro](https://www.thediplomat.ro/2023/03/23/schneider-electric-invests-40-million-euro-in-new-smart-factory-in-hungary/), 2023-03-23: "Schneider Electric, the leader in the digital transformation of energy management and industrial automation, broke ground on its new smart factory in Hungary."
- [news.europawire.eu](https://news.europawire.eu/schneider-electric-breaks-ground-on-new-net-zero-smart-factory-in-hungary/eu-press-release/2023/03/23/09/50/08/113251/), 2023-03-23: "Schneider Electric, the leader in the digital transformation of energy management and industrial automation, broke ground on its new smart factory in Hungary."
- [abnewswire.com](https://www.abnewswire.com/pressreleases/schneider-electric-investing-40-million-in-new-smart-factory-in-hungary_645110.html), 2023-04-01: "Europe is an important region for Schneider Electric. This new smart factory is one example of how we are bolstering our capacity to meet the increase in demand as Europe accelerates through the energy transition."
- [newswire.co.kr](https://www.newswire.co.kr/newsRead.php?no=964787), 2023-04-07: "This new smart factory is one example of how we are bolstering our capacity to meet the increase in demand as Europe accelerates through the energy transition and strengthens its energy independence."

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