# Ganz launches EUR 12M upgrade at rotating machine plant in Tápiószele

Ganz Transformers and Electric Rotating Machines Ltd. announced a EUR 12 million (HUF 4.65 billion) technology development investment at its rotating machine plant in Tápiószele, Hungary. The Rotating Machine 2.0 programme will modernise production equipment and machinery, with completion expected within two years.

- Type: Investment
- Announced: 2024-02-27
- Where: Tápiószele, Hungary
- Value: $13.0M (12.0M EUR)
- Status: announced
- Products: rotating machines, transformers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Ganz Transformers and Electric Rotating Machines](https://endata.com/companies/59777.md)

## Sources

- [ganzelectric.com](https://www.ganzelectric.com/en/ganz-announces-4-6-billion-forint-factory-development/), 2024-02-28: "The Rotating Machine 2.0 development programme will focus on upgrading the tools and equipment used in production and modernising the machine fleet."

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