#Hungary

Ganz has published its first ESG report describing its efforts to operate sustainably and reduce greenhouse gas emissions.

The net turnover of Ganz Transformers and Electric Rotating Machines Ltd. increased more than one and a half times to €71.55 million in 2023.

4040 solar panels are ready for connection at the 2 MVA solar power plant built at Ganz Transformers and Electric Rotating Machines Ltd’s Tápiószele plant.

Hungary’s first state-of-the-art transformer with a digital twin will be put into operation soon in the XI. district of Budapest.

The company will modernise its rotating machine production to meet the needs of the renewable energy sector.

Representatives of Ganz Transformers and Electric Rotating Machines Ltd. have signed six new international contracts worth a total of €4.3 million in a single month.

The Ganz Metal Works Ltd. plant in Szolnok, Hungary resumed production.

The construction of Ganz’s 2 MW solar park in Tápiószele has officially started, and the plant is expected to start generating electricity in 2024.

Hungary, Budapest: Ganz Transformers and Electric Rotating Machines Ltd celebrates one year since the company’s Intelligent Solutions debut

The first intelligent transformer of Ganz Transformers and Electric Rotating Machines Ltd. is already successfully operating in Sweden.

Hungary, Budapest: The first intelligent transformers have been manufactured at Ganz Transformers and Electric Rotating Machines Ltd.

The Cirkovce-Pince power transmission line between Hungary and Slovenia is now operational, national TSOs ELES and MAVIR have announced.

Hungary, Budapest: Ganz Transformers and Electric Rotating Machines Ltd. has successfully participated in another significant international tender.

Hungary, Tápiószele: Ganz Transformers and Electric Rotating Machines Ltd. purchased the Ganz factory in Tápiószele and the related assets in a public auction.

Hungary, Budapest: Jan Prins has been appointed Chief Executive Officer of Ganz Transformers and Electric Rotating Machines Ltd.

Hungary, Budapest: Ganz Transformers and Electric Rotating Machines Ltd. have announced the company was awarded the delivery of power transformers to ACCIONA.

Hungary, Budapest: IMEFV and Ganz Transformers, Motors and Generators Manufacturer Ltd. have entered into a partnership.

The European Investment Bank has agreed to provide a loan of €120m to MVM Hungarian Electricity to modernise and expand electricity supply network.

Hungary, Budapest: Hungarian transmission system operator Mavir has announced it has bought a $2 million (€1.8 million) transformer from Switzerlandʼs ABB.