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HUNGARY PLANT
Reliance in talks with Chinese battery behemoth CATL & others for big battery system partsReliance Industries is in talks with China’s Contemporary Amperex Technology Co. Limited and other global suppliers to source components fo...- Want to jump into the 'China is back' rally? Tread carefullyInvestors are increasingly betting that “China is back” as the economy rebounds from years of deflation, helped by strong manufacturing, ex...
- SRF Q4 Results: Net profit rises 11% to Rs 582 crore; to invest Rs 2,300 cr on new plant in OdishaChemical firm SRF Ltd on Tuesday reported an 11 per cent increase in its consolidated net profit to Rs 582.02 crore for the quarter ended M...
- China poses 'very significant' challenge to German brands, BMW leader saysBMW's Hungarian chief warns of significant competitive challenges from China's auto industry as BYD prepares to launch production in Hungar...
- China's Xi Jinping in Hungary to discuss Ukraine, infrastructureXi, who arrived in Budapest late on Wednesday, can expect a warm welcome in a country that is an important partner in trade and investment,...
- China's Sunwoda plans $274.7-million Hungarian battery plantThe money will be used for purposes including land purchase, project construction and equipment procurement, Sunwoda said in a filing to th...
- Mercedes set to invest billions in e-vehicles plantsThe European Union has set a goal to halve CO2 emissions per passenger car over their life cycle by the end of this decade compared to 2020...
- Thyssenkrupp to invest 50 million euros for new auto components plant in HungaryIn recent months Thyssenkrupp has received orders from customers to develop and supply assembled rotor shafts for major EV platforms.
- Buy Apollo Tyres, target Rs 335: IIFLBuy Apollo Tyres Ltd. at a price target of Rs 335.0 .
- Apollo Tyres earmarks Rs 2,500 crore capex for FY18The company, which recently commissioned its new manufacturing plant in Hungary, expects construction activity to commence at its new plant...
- Apollo Tyres raises Rs 2,260 crore debt for greenfield plant in HungaryApollo Tyres on August 26 announced that it has successfully closed about Rs 2,260 crore financing for its greenfield plant in Hungary.
- Apollo Tyres closes 300 million euro financing for Hungary plantThe company has successfully closed a 300 million euro financing for its greenfield plant in Hungary, Apollo Tyres said in a statement.
- Motherson Sumi Systems Ltd gets orders worth Rs 15,400 crore from Germany's DaimlerThe move would help capacity expansion in existing plants in Germany as well as new machines, tools and product development efforts.
- Apollo Tyres begins construction work at Hungary-based plantThe facility will start production in early 2017 and manufacture Apollo and Vredestein branded tyres to cater to the entire European market...
- Apollo Tyres to set up plant in Hungary; stock rallies nearly 3%The project involves investments of 442.2 mn euros and is expected to create over 975 now jobs. It is to be carried out in Gyongyoshalasz, ...
- Apollo Tyres to invest 442.2 mn euros for new plant in HungaryThe company decided to go ahead with the new plant in Eastern Europe after its failed $2.5 billion takeover os US-based Cooper Tire.
- Mercedes sets up luxury-car facility in Hungary to compete with BMWThe factory will help meet its goal of boosting sales 27% by 2015, while at the same time raising profitability with models like the A-Clas...
- Sony to shut Blu-ray player factory in HungaryJapanese electronics giant Sony Corp on Wednesday said it would close its Blu-ray player factory in Hungary and move production to its plan...
- General Electric to axe 2,700 jobs in HungaryUS industrial giant General Electric said on Wednesday it will axe 2,700 jobs in Hungary over the next two years after a decision to phase ...
- Suzuki to lay off 1,200 people at Hungarian plantJapanese car manufacturer Suzuki announced Friday that it would lay off 1,200 people, or almost a fifth of its workforce, at its plant in E...
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