Hungarian Manufacturing Provides a Recipe for Economic Growth

Posted on May 25th, 2017
Hungary Manufacturing

What do these companies have in common: Suzuki, Bosch, Knorr-Bremse, and Thyssen-Krupp? Aside from being multi-national companies, they all have manufacturing production facilities in Hungary. Although often overlooked as a manufacturing power, Hungary is ideal for manufacturing with its geographical location in the center of Europe, highly skilled workers, excellent infrastructure, low-costs, and most importantly government incentives. With a perfect recipe for investment and trade, Hungary is a key trading partner for Germany, France, Italy, Austria, Romania, Slovakia, Poland and the Czech Republic. Innovative Electronics As we all know, electronics manufacturing and research are some of the key drivers of innovation and economic growth in any country. In recent years, Hungary has become a hub for information security, mobile technology, and related research. Although they are not brands we typically use in the United States, Hungary is the largest producer…

Austrian Manufacturing Has a Foundation of Steel and Innovation

Posted on May 18th, 2017
Austrian Manufacturing

Ever since the discovery of coal in the Rhineland, the Austro-Hungarian Empire began to take advantage of the potential to industrialize. Today the face of manufacturing has changed and so has Austria’s contribution to the manufacturing industry. It remains a strong contender in European and International circles, and Austro-Hungarian products are known for their high quality. Austria definitely still has a few tricks up it sleeves when it comes to production and manufacturing. And just like in it’s past—steel is a common product manufactured in the region. Steel is still a big contender Back in the good ol’ days of coal-energy and production, steel was the Austrian power product. The production of crude steel is still a big deal because of companies like Voestalpine. But the “how” of their production process is what makes this company distinct. Generally, coal is…