France-based company Schneider Electric is investing €41m ($44.58m) over the next two years in its Hungarian operations. The new development is set to create 500 jobs in a climate-neutral plant in Dunavecse, which is located in Bács-Kiskun County. The Hungarian government is supporting the investment with a €5.8m concession.

This is the French company’s fifth plant in Hungary. It has been present in Hungary since 1991 and currently employs around 2,000 people in four plants, a logistics centre and two business service centres.

“The new Dunavecse plant will be a flagship factory in Europe for medium-voltage technologies,” said Yann Reynaud, senior vice-president, global engineering to order, at Schneider Electric. “We are excited to be building more capacity for our customers so we can bring them even more innovation, sustainability and digital solutions.”

The 25,000m2 site will be the 36th smart factory in Europe. From the first day of production, expected in 2024, the factory will be net zero. Geothermal energy and rooftop solar will power the site, and Schneider Electric’s EcoStruxure energy management solutions will maximise its energy efficiency. In addition, the site will feature 30 electric car and 25 electric bicycle charging stations, while rainwater will be collected for bathrooms and irrigation and airlocks will be installed to prevent heat loss at truck-docking stations and at the entrance.

“Europe is an important region for Schneider Electric,” said Frederic Godemel, executive vice-president at the company. “This new smart factory is one example of how we are bolstering our capacity to meet the increase in demand as Europe accelerates through the energy transition and strengthens its energy independence.”

In 2022, the production value of the Hungarian electronics sector reached a record high with growth of 36%, exceeding €25.6bn for the first time. In the first two months of 2023, the sector had already recorded growth of 47%.

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