Samsung Group’s battery manufacturing unit Samsung SDI is set to construct an electric car battery plant in Hungary.The KRW40bn ($357M) facility will be able to produce electric batteries for 50,000 vehicles annually. The project — to be located in Goed, at 25km north of Budapest — will allow Samsung SDI to create a triangular production structure along with existing plants in Ulsan, Korea, and Xian, China.Samsung SDI executive vice president Jeong SehWoong said: “By launching construction for the plant in Hungary, we now can set up the global triangular production structure for electric vehicle batteries.“We can especially provide higher quality services to European customers in Europe by generating synergy with SDIBS.”The plant is scheduled to start commercial production in the second half of 2018.
The Hungarian government will have to fulfil two conditions before the European Commission (EC) can give the go-ahead to the Paks nuclear power plant (NPP) expansion project, according to reports in the Hungarian media.The project involves the construction of two new units with capacity of 1,200MW as part of the expansion of the existing Paks plant — which comprises four 500MWe units.The first condition, according to the online business daily Portfolio, is for all issues related to the supervision of the power plant to be ‘clearly separated’ from existing policymaking in the energy sector and the overall system of supervision for powers stations in Hungary. The second condition states that the electricity produced should be sold on a power exchange along market principles, instead of being directly sold to the country’s national grid. This follows the launch of an infringement procedure against Hungary by the EC in November 2015, concerning the project and the award of the construction contract to Russia, and doubts about the country’s financing plans in January 2016.The €12.5bn project will be financed by a €10bn loan from Russia — to be repaid over 21 years. Construction work is expected to commence in 2018 and 2019, with commissioning expected in 2025 and 2026.* This is a version of an article originally published in Nuclear Engineering International
Turkey-based Limak Construction has won a €224M contract for the construction of a subway line in the Ukrainian city of Dnipropetrovsk.The 4.5km subway line will run southeast from the current terminus of Vokzalna into the city centre.The contract will include the construction of stations at Teatralna, Tsentralna and Muzeina. The Tsentralna station is scheduled to open ahead of the other two, as it is expected to have the highest passenger numbers.Construction is set to start in September 2016 and will be completed within five years.
Mercedes-Benz has unveiled plans to build a new €1bn plant in Kecskemét, Hungary.The new facility, to be the second at the company’s Hungarian site, will produce front- and rear-wheel-drive cars and will feature a body shop, paint shop, final assembly and a supplier park. Markus Schäfer, member of the divisional board at Mercedes-Benz Cars, said: “In the next few years, we plan to invest around €1bn in building a new plant at our site in Kecskemét.“We will establish a state-of-the-art and efficient production facility, in which different vehicle architectures will roll off the assembly line flexibly.“With this highly modern ‘flex-plant’, we will create additional capacity along with the necessary flexibility according to Industry 4.0 benchmark approaches allowing us to react quickly and future-oriented to the market needs. Our company strengthens its competitiveness.” The investment will create about 2,500 new jobs at the site as well as additional jobs at suppliers in the region and in German plants. Preparatory works will start this year, with production expected for the end of the decade.
Russian Railways (RZD) international subsidiary RZD International and JSC Infrastructure Railways of Serbia have signed a $338M contract for construction and rehabilitation of the Stara Pazova—Novi Sad section of the Belgrade—Budapest rail line.Under the contract, RZD International will build a 3km-long double track viaduct and a new 2.2km tunnel named Chortanovtsy. Construction of the tunnel and viaduct is expected to cost more than $258M.Furthermore, the company will be responsible for the construction of a centralised traffic control centre.Upon completion, passenger and freight train speeds on the rail section will increase to 200kmph.Construction work is scheduled to commence in the first quarter of 2017.
Mercedes-Benz Manufacturing Hungary is set to expand its activities in Hungary by investing HUF185bn (€594m) in its Kecskemét factory.The investment includes the construction of a new HUF80bn (about €265m) bodywork plant.The project will also include the development and expansion of the company's existing capacities, with the 99,000 sq m facility due to be fitted with the latest technology.Hungary Foreign Affairs and Trade Minister Péter Szijjártó pointed out that this is the largest investment in Hungary to be announced within the past 18 months.Szijjártó added: "Hungary and every Hungarian can be rightfully proud of the fact that one of the world's largest and most innovative automotive industry companies has manufactured more than half a million cars in Kecskemét during the past four years."Construction is already underway and is projected to be completed by 2018.Kecskemét Fidesz mayor Klaudia Pataki Szemereyné said: "The new investment is a message that Mercedes, which in addition to its 4,000 direct employees also provides a living for a further 10,000 people, is also proud of Kecskemét and is not only one of the city's largest employers but is also a partner, ally and friend to the city."