# Schneider Electric invests €40 million in smart factory in Dunavecse, Hungary

Schneider Electric has begun construction of a new smart factory in Dunavecse, Hungary, with a planned investment of €40 million. The 25,000-square-meter facility will produce power distribution switchgear and employ 500 people, with production scheduled to start in 2024.

- Type: New facility
- Announced: 2023-08-22
- Where: Dunavecse, Hungary
- Value: $44.0M (40.0M EUR)
- Jobs: 500
- Starts operating: 2024
- Status: under construction
- Products: primary power distribution switchgear, secondary power distribution switchgear, low-voltage switchgear, AirSeT medium-voltage switchgear
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [en.ceo.com.pl](https://en.ceo.com.pl/Schneider-Electric-invests-%E2%82%AC40-million-in-smart-factory-of-the-future-in-Hungary-23569), 2023-08-22: "The new plant in Dunavecse will be a flagship factory in Europe for medium voltage technology."

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