Ganz’s €12 M (HUF 4.65 B) factory development
The company will modernise its rotating machine production to meet the needs of the renewable energy sector.
Image source: Ganz Transformers and Electric Rotating Machines Ltd.
Hungary, Budapest: Ganz Transformers and Electric Rotating Machines Ltd. has launched €12 million (HUF 4.65 billion) for technology development investment in its Rotating Machines division. The Rotating Machine 2.0 development programme will focus on upgrading the tools and equipment used in production and modernising the machine fleet. The improvements aim to transform the factory into a modern manufacturing facility, in line with Ganz’s strategy to serve the needs of the renewable energy sector.
Ganz restarted production at its Tápiószele plant in 2020, and thanks to its extensive manufacturing activities, its transformers and rotating machines are now used in all major industries. This year, the company will continue the development of its rotating machine plant with a €12 million (HUF 4.65 billion) upgrade to modernise the plant’s production equipment and machinery. Earlier, Ganz focused on serving the nuclear power sector, and service and refurbishment contracts from the energy sector, but the focus has shifted to meeting the needs of the renewable energy sector with solutions for hydroelectric power generation and energy storage.
Minor upgrades started at the end of 2023, while the major ones will begin soon. The investment is expected to be completed within two year and Ganz expects a significant increase in the orders for its Rotating Machines division in the coming period, with sales expected to triple within three years. It is also doubling the number of employees in the division.
“In recent years, Ganz has achieved outstanding results both in Hungary and in international markets, thanks primarily to the high engineering expertise of our employees and customized solutions. Through the Rotating Machines 2.0 development programme, we will further improve the quality and efficiency of the division’s manufacturing processes by using state-of-the-art tools and equipment,” said Jan Prins, Managing Director of Ganz Transformer and Electrical Rotating Machinery Ltd.
Since 2020, the company has made progress in all three of its business units. In 2022, it developed the Intelligent Solutions monitoring system for transformers, enabling continuous transformer status monitoring. The system was later extended to the Rotating Machines division.
In recent years, the company has increased the sales of the Rotating Machines division by manufacturing motors and generators. In the last quarter of 2023, several large foreign orders were received from international companies in the recycling, cement, and steel industries and from companies requiring specialised, customised machinery.
Source: Ganz Transformers and Electric Rotating Machines Ltd.
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