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16th January, 2020

Record year for Audi Hungaria

German car maker Audi manufactured a record 164,817 vehicles and some 2 million engines at its Gyor factory in 2019, it was announced on Wednesday.

The number of cars that rolled off the production lines increased by 64,817 last year. The numbers include 120,230 Audi Q3 models and 15,300 Audi Q3 Sportback models, as well as 11,791 TT Coupes, 3,208 TT Roadsters, 7,302 A3 Cabriolets and 6,986 A3 Sedans.

Audi Hungaria began production of the electric version of Q3 models last summer and manufactured 90,000 electric engines.

Chairman Alfons Dintner praised the company’s performance during a transformation period marked by digitalisation, electromobility and sustainability.

The number of employees declined by 1,000 during the year to 12,800 at the end of December. (profitline.hu; napi.hu; hvg.hu; portfolio.hu; azenpenzem.hu; origo.hu)
16th January, 2020

GVH investigating Master Good takeover of Saga Foods

The Competition Authority (GVH) has opened an inquiry into the takeover of Saga Foods by Master Good, as the GVH found contradictory information regarding the market concentration of the companies.

The GVH said information provided to it by the companies differs from statements made by Master Good on Monday when it announced that it had purchased a 100% stake in Saga Foods from British company Boparan Holdings.

Kisvarda-based Master Good accounts for more than 40% of chicken production and processing in Hungary, but described Saga as Hungary’s leading poultry processor in its announcement.

However, the companies gave different data to the GVH about their market size.

The GVH gave Master Good 60 days to clarify the discrepancies between information in the press release and the application sent to GVH for approval of the transaction. (index.hu; portfolio.hu; hvg.hu; napi.hu; tozsdeforum.hu)
16th January, 2020

MVM opens solar park in Veszprem

State energy company MVM opened a Ft 6 billion solar power plant in Veszprem, MVM Zold Generacio CEO Laszlo Varga announced on Wednesday.

The facility is part of a network of 21 units that will provide the electricity needs of 100,000 people annually.

The small-scale power plants each have a capacity of 0.5MW and a working life of 25 years, he added.

MVM plans to build 110 photovoltaic power plants across Hungary, of which 94 have been completed so far.

Their combined capacity will reach 100MW and the plants will produce more than 110GWh of electricity each year.

The total cost of the projects will be Ft 48 billion, said Varga. (portfolio.hu; napi.hu; hirado.hu)

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