Hungary - Strengthening its production capacity, improving its market position, and achieving considerable growth

Ganz Transformers and Electric Rotating Machines announced that it has closed a very successful year in 2022, strengthening its production capacity, improving its market position, and achieving considerable growth, according to a press release sent to the Budapest Business Journal.

According to the company, in 2022, they manufactured two transformer units with a capacity of 250 MVA and 400 kV, and two additional transformer units with a capacity of 160 MVA and 220 kV each, for a total of nearly HUF 4 billion for Mavir.

The commissioning of the high-capacity units is currently underway at the Oroszlány substation, the 400/132 kV substation in Perkáta, and also at the MAVIR 400/132 kV substation in Sándorfalva.  

In the second quarter of 2023, the company would also deliver its largest power transformer of the year, a 500 MVA and 400 kV unit, to the Mavir substation in Kerepes.

At the end of last year, Ganz as the winner of an open public procurement procedure also announced that it has signed the largest contract of recent years with Mavir, worth nearly HUF 11.5 bln (32.562.411,00 $). As part of this agreement, Ganz would produce three 160 MVA and one 250 MVA transformer unit for Mavir in 2023. According to the parties, for 2024, they have already agreed to deliver four additional 250 MVA units.

In addition to the units produced for Mavir, the company has also delivered a 44 MVA transformer worth nearly HUF 255 million (722.036,07 $) to MOL Petrochemicals in Tiszaújváros.

Thus, the company delivered transformer units worth almost HUF 3.6 bln (10.193.450,40 $) to the U.K. market, a key market for its operations. The first Ganz transformer for Suir Engineering, worth a total of HUF 263 million (744.757,35 $), was also delivered to the Irish market. In addition to the unit delivered so far, Ganz has agreed to produce additional transformer units for 2023, with contracts worth nearly HUF 3 bln (8.497.446,00 $). 

Source: Budapest Business Journal