Alstom has signed an agreement with the Hungarian Government to strengthen the development of the railway sector. Credit: Alstom.

Alstom has entered a strategic cooperation agreement with the Government of Hungary to strengthen the development of the railway sector.

The agreement will also help improve the economy and international competitiveness in the country.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Leveraging Alstom‘s solutions and technological innovations, both parties aim to further work together on the development of the transport industry.

They will also cooperate on the expansion of the Hungarian product range, as well as increasing manufacturing capacity, creating new jobs and offering professional training.

Alstom CEO Henri Poupart-Lafarge said: “I am really pleased by the signature of this Strategic Cooperation Agreement between the Hungarian Government and Alstom.

“It will strengthen the development of Hungary’s railway sector, economy, and international competitiveness. I believe that with this Strategic Agreement signed today, there is much more innovations coming to Hungary, with Alstom.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Alstom, which is a crucial employer in Nógrád County, uses the Matranovak site to manufacture bogie frames for various rolling stock, such as high-speed trains, suburban trains, locomotives, and double-deckers.

The company also extended the range of bogie frames at the site. It is also manufacturing a key component for its Coradia iLint hydrogen-powered train, which began commercial service in 2018.

The Matranovak site currently employs around 650 people.

Furthermore, the firm’s 27 Traxx locomotives are currently operating in Hungary. It also upgraded 59 MÁV-Start trains to attain a top speed of 160km/h and achieve the European standards for ETCS board equipment.