GTVF Export Kft., jointly owned by Forest Vill Kft. and Ganz TVF Kft., has signed a long-term contract with Kuwait’s Industrial Electrical Projects Company (IEPC Co.).
The Hungarian company will be responsible for the maintenance, modernization, and replacement of more than 50 substations that have been installed in the Persian Gulf country since the 1970s. Under the open-ended contract, GTVF will provide state-of-the-art technologies for Kuwait’s industrial sector in the long run.
Forest-Vill Kft., founded in 2015 and based in Budaörs, specializes in substation construction. The company also focuses on the design, construction, and project management of energy sector facilities. The company has 200 employees. It focuses on industrial energy distribution, transformers, high-voltage networks, and the construction and renovation of low- and medium-voltage networks.
Ganz TVF Kft. is a 100% Hungarian-owned company based in Tápiószecső. With 600 employees, it manufactures electrical high-voltage equipment, including transformers, motors, and generators. Additionally, it provides services and digital solutions to both domestic and international clients.