Ganz Transformers and Electric Rotating Machines (Ganz) has launched a EUR 12 million technology development investment in its Rotating Machines division. The Rotating Machine 2.0 development program will focus on upgrading the tools and equipment used in production and modernizing the machine fleet.
Representatives of Ganz Transformers and Electric Rotating Machines (Ganz) have signed six new international contracts worth a total of EUR 4.3 million in a single month. In addition, Ganz aims to further increase the share of customized motor and generator manufacturing and their servicing in the company's turnover by 2024, in order to expand the international recognition of the Hungarian brand.
All these companies feel real change happening - the Emirates going from laggards to major players in green tech. But the country is still making billions extracting and exporting fossil fuels, with plans to pump much more.