# Schneider Electric to build EUR 40M smart plant in Dunavecse, Hungary

Schneider Electric is building a EUR 40 million smart plant in Dunavecse, Hungary, with production expected to start in H1 2024. The cornerstone was laid in March 2023.

- Type: New facility
- Announced: 2023-12-28
- Where: Dunavecse, Hungary
- Value: $44.0M (40.0M EUR)
- Starts operating: Q1 2024
- Status: under construction
- Products: medium voltage switchgear
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [bbj.hu](https://bbj.hu/business/industry/manufacturing/schneider-electric-invests-billions-in-hungary-in-2023/), 2023-12-28: "The cornerstone of the EUR 40 million smart plant was laid in March and the 25,000 sqm building is being outfitted with equipment."

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