Research and Development in Hungary – Phoenix Mecano is investing

Local news, 10.06.2015

By completing an investment amounting to more than 1,5 billion HUF (5 Mio. CHF) the Swiss Phoenix Mecano expanded their engagement in Hungary. The Hungarian government is supporting this project with more than 650 million HUF coming from EU-funding.

© Embassy of Switzerland
Production at Phoenix Mecano © Embassy of Switzerland

The year of Swiss-Hungarian friendship is not only about official gatherings, but also repeatedly about investments, carried out by Swiss firms in Hungary. Only this month four events are planned to acknowledge these most recent investments of Swiss enterprises. Ambassador Paroz opened the celebrations of the completion of the Phoenix Mecano investment with this remark.

Benedikt Goldkamp, CEO and Delegate of the Board of Directors, honored the support of the Hungarian government as a forward-looking investment with multiplier effect. Today innovation is a crucial factor and is improving the situation of Kecskemét in the global competition, he said.

According to General Manager Dr. Zoltán Nagy Phoenix Mecano Kecskemét already invested 80 Million Euros during the past 21 years in this location and made a turnover amounting to 127 million Euros with its currently 1000 employees. In terms of turnover the enterprise ranks 3rd in Kecskemét.

Phoenix Mecano is one of the most significant Swiss direct investors in Hungary and supports the establishment of a dual educational system in the country.