EMCC European Monitoring Centre on Change

Samsung SDI

Company/Organisation:
Samsung SDI

Geographic Location

Country: Hungary
Region: Pest; Kozep-Magyarorszag; Kozep-Magyarorszag
Location of affected unit(s): Göd

Company

Sector: Manufacturing
Manufacture of electrical equipment
27.2 - Manufacture of batteries and accumulators
Number Employed: 0
Group: Samsung

Employment Effects

Announcement Date: 30-08-2016
Type of Restructuring: Business expansion
Employment Effect Start: 30-08-2016
Foreseen End Date: 01-06-2018
Planned Job Creation: 600

Additional Information

Samsung SDI, a South Korean electronics manufacturer has chosen Hungary, Göd as location for its latest plant producing batteries for electric cars. Previously, Samsung SDI manufactured plasma display panels (PDP) and mobile phone displays and cathode-ray tubes (CRT) for previous generation TVs at the site but because of declining demand the site closed in December 2014. The site has now been renovated and repurposed for a new product line in the fast-growing electric car market.  Recruitment has already begun, 600 new jobs will be created and the plant will be fully operational in 2018 according to the company. Total investment amounts to 100 bn HUF (c. €320m).