The steel outer structure of transformers will be transported from the county seat to the Ganz’s plant in Tápiószele
November 29, 2023 – The Ganz Metal Works Ltd. plant in Szolnok resumed production. The site, which was bought back by the parent company in 2021, will manufacture the external steel structures of transformers for the transformer plant of Ganz Transformers and Electric Rotating Machines Ltd. in Tápiószele. The development, which worth a total of 3.8 million euros, will create around 50 jobs in Szolnok, and enable the company to integrate a new element of the value chain of transformer production into its activities, further improving the competitiveness and security of supply of its production.
Another job-creating investment has been completed in Szolnok thanks to Ganz, which has resumed production in the city’s southern industrial zone, where the company bought back the former Ganz plant. The Hungarian industrial company, which is celebrating its 145th anniversary this year, will assemble the steel structures for the outer covers of the transformers in the plant and transport them to the factory in Tápiószele. The company, which manufactures and services transformers and electric rotating machines, bought the plant back in 2021 with the aim of being able to completely cover the value chain more of transformer manufacturing with its activities.
In order to start production, Ganz has approved a €3.8 million development plan, most of which will be spent on improving production technology and increasing the site’s energy efficiency. The full investment program is expected to be completed by 2024, but the first employees joined in June this year and the factory recently began trial operations. The site currently employs around 45 people, but this will soon increase to 50 to ensure continuous production.
Restarting production was an important strategic move for Ganz. Previously, these steel structures were made in Turkey, but the recent years have highlighted more than ever the vulnerability of long supply chains. Manufacturing in Hungary will shorten supply chains, reduce security of supply risks, and improve quality assurance and manufacturing competitiveness. As a result, Ganz is able to offer its customers even greater security and predictability than before. The Szolnok plant will also handle assembly orders for other external clients.
“The resumption of production in Szolnok is another important milestone in the life of our company. The development of the site will further reduce our dependence on external suppliers. This will make manufacturing processes more efficient, supply chains shorter and more sustainable. We are confident that with our investment we will actively contribute to the revival of Szolnok’s industrial tradition and to the city’s sustainability,” – said Gergely Gál, Managing Director of Ganz Metal Works Ltd.
This is not the only investment in 2023 for Ganz Transformers and Electric Rotating Machines Ltd. Just a month earlier the company announced the official start of construction of a 2 MW solar park at its Tápiószele site. Thanks to this development, which is supported by the Factory Rescue Program, with a total value of 11 million euros, a significant part of the energy needs of the Tápiószele plant will be covered by electricity generated from renewable energy sources from 2024.
Ganz Transformers and Electric Rotating Machines Ltd. has undergone significant changes in the last 3 years and has grown back into an internationally known and respected brand. It is present in the energy market with its high added value products, mainly for the export market, with a unique design and customised manufacturing. The company’s turnover in 2022 was 43 million euros, while its turnover in 2023 is expected to exceed 70 million euros. Demand for transformers has increased as a result of the need for grid connection and system flexibility in the European Union to integrate electricity generated from renewable energy sources into the grid. As a result, Ganz has already committed all of its production capacity for 2024 and half of its production capacity for 2025.
