Loading…

ENDATA · Copyright (c) 2026 Endata · Data: CEPII BACI (Etalab 2.0), Federal Reserve G.17, U.S. BLS, Eurostat, World Bank (CC BY 4.0), GLEIF, SEC EDGAR; announcements summarized from the linked sourcesProspects Companies Sectors Announcements Countries

HOME BRIEF PROSPECTS SECTORS ANNOUNCEMENTS COMPANIES COUNTRIES

>

INDUSTRIAL MARKET INTELLIGENCE

ANNOUNCEMENTSAll New facility Expansion Investment Acquisition Contract Closure

INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

LG Magna e-Powertrain to build new facility in Miskolc, Hungary · Endata

◂ Announcements

Sep 4, 2023NEW FACILITYMiskolc, Hungary

LG Magna e-Powertrain to build new facility in Miskolc, Hungary

LG Magna e-Powertrain, the joint venture between LG Electronics and Magna, announced a new facility in Miskolc, Hungary. The 284,000-square-foot plant will start production with e-motors in 2026, creating roughly 200 jobs.

Jobs

200

Starts operating

2026

Status

Announced

Productse-motorsinverterson-board chargers

CompaniesLG Magna e-Powertrain Magna International partner LG Electronics partner

Sectors#Automotive Components

“Adding the new Hungary facility marks another milestone for the JV in executing its growth plan.”globenewswire.com

2 sources
globenewswire.comLG Magna e-Powertrain Expands Footprint With New FacilityMagna International Inc.Sep 4, 2023
bbj.huLG Magna Building 1st European EV Parts Plant in Miskolc - Budapest Business JournalBence GaálSep 7, 2023

Summarized from public sources; check the original articles before acting on it.

More from LG Magna e-Powertrain

Jun 29, 2022EXPANSIONNanjing, China$78.0M
LG Magna to invest $78M in Nanjing EV parts plant expansion
LG Magna e-Powertrain Magna International investor kedglobal.com
Apr 19, 2022NEW FACILITYRamos Arizpe, Mexico$100.0M400 jobsops 2023
LG Magna e-Powertrain breaks ground on EV component plant in Mexico
LG Magna e-Powertrain Magna International investor magna.com pulse.mk.co.kr koreaherald.com
Jul 28, 2021PARTNERSHIPIncheon, South Korea, South Korea
Magna and LG form LG Magna e-Powertrain joint venture
LG Magna e-Powertrain Magna International partner autovista24.autovistagroup.com
Jul 28, 2021PARTNERSHIPIncheon, South Korea, South Korea
LG and Magna sign joint venture agreement for e-powertrain
Magna International partner LG Electronics partner magna.com
May 25, 2021ACQUISITIONIncheon, South Korea$26.7M1,000 jobs
LG Electronics and Magna International JV LG Magna e-Powertrain gets EU approval
LG Electronics Magna International acquirer dtnext.in just-auto.com thelec.net

Similar announcements

Nov 5, 2026NEW FACILITYCalvert, Alabama, United States$1.20B200 jobsops Q3 2027
ArcelorMittal to build $1.2B electrical steel plant in Calvert, Alabama
ArcelorMittal oreaco.com
Nov 5, 2026NEW FACILITYGavà, Barcelona, Spainops 2025
J.JUAN opens new production plant in Gavà, Barcelona
J.JUAN Brembo partner brembogroup.com
Nov 5, 2026NEW FACILITYAndhra Pradesh, India, India$48.0Mops Dec 2027
Raymond plans Rs 400 crore greenfield factory in Andhra Pradesh
Raymond Corporation ceofrontier.com
Nov 5, 2026NEW FACILITY6th of October City, Egypt, Egypt$150.0M10,000 jobsops Q1 2027
Mohamed Mansour plans $150M EV plant in 6th of October City, Egypt
MAC for Transport Vehicles Manufacturing valuedrivepost.com
Nov 4, 2026NEW FACILITYSokhna, Suez Canal Economic Zone, Egypt$804.0M3,000 jobsops Q1 2027
Sailun Group starts trial production of Egypt's first car tire in Sokhna
Sailun Group eg.instadriv.com
Nov 4, 2026NEW FACILITYShenzhen, Nanshan district, Chinaops 4 Nov 2026
RoboSense opens automated digital LiDAR line with 500,000-unit capacity
RoboSense autonews.gasgoo.com