The mechanical engineering company SVG Hungary Zrt. has completed a series of investments totaling HUF 2 billion (approx. EUR 5 million) in Salgótarján with the commissioning of a horizontal drilling and milling plant. SVG-Hungary Zrt. is increasing its workforce from the current 70 to 120-130 employees.
In addition, the German company Herrenknecht AG, as its strategic partner, announced its intention to work even more closely with SVG.
Founded in 2015, SVG-Hungary is the successor to the traditional company Vegyépszer, which once manufactured special machines and constructions for the chemical industry.