The Swiss railway rolling stock manufacturer Stadler has announced its plans to invest HUF 10 billion in the company. This investment is aimed at doubling the capacity of its train body and Bogic plant in Szolnok (east-central Hungary). The chairman of the supervisory board overseeing the Hungarian unit, Zoltán Dunai announced on Wednesday that the planned expansion would be done at the site of a former sugar refinery located in Szolnok, Dunai, according to the reports presented by the state news agency, MTI.
 
The first phase of the investment is due to be completed by the third quarter of this year. Stadler plans to build an 8,000 square meter plant with a total of 7,000 sqm exclusively set aside for the production work, while the rest space will accommodate the offices.

The second phase of this project is scheduled to be completed by the third quarter of 2019. It will include the construction of a warehouse building which will be used by the unit that has been in operation since 2013 at the local industrial park.

An estimated HUF 1 bln of the total costs will be spent on technological development. The headcount is also expected to increase by 15.