# Ganz launches €12M technology upgrade at Tápiószele plant

Ganz Transformer and Electrical Rotating Machinery Manufacturing Ltd announced a €12 million investment to upgrade tools, equipment and machinery at its rotating machinery plant in Tápiószele, Hungary. The Rotating Machine 2.0 programme aims to modernise the facility to better serve the renewable energy sector.

- Type: Investment
- Announced: 2024-02-28
- Where: Tápiószele, Hungary
- Value: $13.0M (12.0M EUR)
- Starts operating: 2026
- Status: announced
- Products: rotating machinery, solutions for hydropower generation and energy storage
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Ganz Transformer and Electrical Rotating Machinery Manufacturing Ltd](https://endata.com/companies/75915.md)

## Sources

- [portfolio.hu](https://www.portfolio.hu/en/economy/20240228/ganz-announces-eur12-million-technology-development-in-its-tapioszele-plant-671715), 2024-02-28: "Through the Rotating Machine 2.0 development programme, we will further improve the quality and efficiency of the business unit's manufacturing processes by using state-of-the-art tools and equipment."

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