Ganz Transformers and Electric Rotating Machines Ltd. (Ganz) has has been chosen as one of the enterprises with the steadiest financial standing by Dun & Bradstreet Hungary Ltd. (Dun & Bradstreet), an international provider of business information and company ratings, which evaluated Ganz’s performance based on the company’s publicly available data from the company and authorities.
Another certificate confirms Ganz’s reliability: the provider of business information and company ratings, Dun & Bradstreet has awarded the company an “A” creditworthiness certificate. According to the rating company’s certification, Ganz Transformers and Electric Rotating Machines Ltd. is one of the most financially stable companies in Hungary, and the financial risk of establishing business relations with the company is low.
During the qualification process, Ganz’s activities were reviewed using data and documents from publicly available sources, including information from the Ministry of Justice, entries from the Courts of Registry, data of the National Tax and Customs Administration and publicly available data from other authorities. In addition, the rating agency’s experts reviewed the company’s financial performance, profit and loss accounts and balance sheets, as well as Ganz’s history, activities, size and ownership.
At the top of Hungarian manufacturing
Ganz has grown significantly in its three divisions since the reorganisation in 2020, and now has once again become once again an internationally recognised brand. The company manufactures high-value custom-made products for the energy market thanks to which it has been able to significantly increase the turnover of the Transformers, Rotating Machines and Service divisions in the domestic and European markets, as well as in the Middle East. The company’s sales revenue in 2022 was 43 million euros, while its sales revenue in 2023 is expected to be more than 70 million euros.
As well as developing its products and services, Ganz is also focusing on optimising and modernising its production units. In January this year, the company launched a €12 million investment programme at its rotating equipment plant in Tápiószele, which includes the modernisation of the plant’s production equipment and machinery.
In June 2023, the company also launched a comprehensive energy optimisation programme. As part of this project, a 2 MW solar power plant was commissioned next to the production facility in Tápiószele, and the factory’s gas consumption will be further reduced with new, modern engineering solutions and thermal insulation. Also as a result of last year’s improvements, Ganz has restarted production at Ganz Metal Works Ltd. in Szolnok, creating around 50 new jobs with the start of production of external steel structures for transformers.
