evosoft Hungary is the Innovative Product Investor of the Year 2023
Investors of the Year in the Limelight at HIPA’s Award Ceremony.
On 28th February, we were honoured to have István Petényi, CEO and Erika Balogh, CFO, represent us, evosoft. They received the Innovative Product Investment of the Year Award at HIPA's annual 'Investors of the Year Awards'.
István Joó (HIPA CEO), István Petényi (evosoft Hungary Ltd. CEO), Erika Balogh (evosoft Hungary Ltd. CFO), Rita Szép-Tüske (HIPA Deputy CEO)
In his acceptance speech, CEO István Petényi expressed his profound honour in receiving this prestigious award, highlighting the contribution of the new innovation to the development of the Hungarian economy. The innovative strength of evosoft resides in the expertise and engineering knowledge of our colleagues, serving as the foundation for evosoft's success. Through our development, we are also fostering opportunities for a more livable and sustainable future.
Top achieving foreign and local players were recognized in nine categories at HIPA’s annual ‘Investors of the Year Awards’ to celebrate the results of 2023, which was yet another record year in the history of Hungarian investment promotion. The prizes were presented by HIPA CEO Mr. István Joó and HIPA Deputy CEO Ms. Rita Szép-Tüske.
The ‘Investors of the Year’ gala is the absolute highlight in the HIPA event calendar as it recognizes the highest achieving members of the local investor community. The award categories remained the same compared to last year, so, this time around nine winners were announced as well.
And the year 2023 certainly gave reason to celebrate. The previous investment volume record set in 2022 was doubled to surpass the EUR 13 billion mark, and the number of newly created jobs (19,692) also reached an all-time high.
The extraordinary investor activity was mainly due to the engagement of Asian stakeholders that committed themselves to implement nearly 82% of capital investments and two thirds of new jobs. China’s dominance was of particular importance given that the Asian powerhouse alone accounted for an investment volume of over EUR 7.6 billion.
“Taking stock of the 2023 results also provides an opportunity to reflect on the 10-year long operation of HIPA and our results achieved in the past decade. Between January 1, 2014 and 31 December 2023, there were up to 2,123 HIPA-guided projects in value of some EUR 49 bln to create over 150,000 new jobs. These results have been undoubtedly of transformative nature for the Hungarian economy,” Mr. Joó said.
Two Chinese companies (BYD, CPMC) were awarded in the newcomer investor and the strategic investment categories. On the other hand, a Korean (Samsung SDI) and a Japanese (Magyar Suzuki Zrt.) investor were also recognized, raising the total number of Eastern winners to four. The former delivered another historic achievement by announcing the largest-ever R&D project in Hungary in value of EUR 61.8 million. Suzuki earned a lifetime award for its tremendous contribution to the national economy for over three decades.
Research and upskilling remained in focus in 2023 as well, with up to 10 R&D projects receiving a grant to create 810 new high-added value jobs, and 7 training programs benefiting nearly 2,500 employees.
The largest training program and the most innovative product investment could both be linked to German companies. Hungarian stakeholders, in turn, were recognized in the supplier and the industrial park category.
HIPA’s Western partners were active in terms of the number of projects in particular. Germany delivered the most of them (18), an equivalent to every fourth, whereas the United States closed 8 deals. The two countries combined were responsible for around 20% of all new jobs.
As to the geographic distribution of investments, Mr. István Joó pointed out:
„Our job is replicate in the southern regions of the country what has been managed to achieve in Eastern Hungary: the examples of Debrecen, Nyíregyháza and Miskolc showcase that nothing is impossible if you keep building systematically and work consistently.”
The sectoral FDI landscape hasn’t changed a bit compared to recent years. Automotive and electronics continue to prevail. This dominance is reflected in the composition of the awardees as five winners operate in either of those sectors.
Award winners of HIPA’s “Investors of the Year 2023 Award” Ceremony
The winners are as follows:
Award for Strategic Investment, BYD Co. Ltd.
Award for Newcomer Investor, Benepack Hungary Kft., a CPMC Investment Company Limited subsidiary
Award for Continuous Reinvestment, LEGO Manufacturing Kft. (the LEGO Group)
Lifetime Award for Significant Investor, Magyar Suzuki Zrt.
Award for Innovative Product Investment, evosoft Hungary Kft
Award for R&D Investment, Samsung SDI Magyarország Zrt.
Award for Largest Training Programme, Audi Ahead Kft.
Award for Best Industrial Park, City of #Szolnok
Award for Best Supplier, Bíró Kft.
Congratulation on the awards! (Photos: hipa.hu)
Award for Innovative Product Investment, evosoft Hungary Kft.
One of the latest innovations of evosoft Hungary Kft., which ensures its dominant position among others by continuous investments, is related to the newest generation of propulsion product family which allows virtual installation before the actual physical works launch. With the help of this innovative solution that is already available on the market different production units can be put into operation in a prompt and cost-effective manner, and the manufacturing process can become more productive. The project in value of EUR 8.4 million creates 75 new jobs in two locations.
For further details and the press release related to the signing ceremony, please refer to the HIPA news portal.
Watch our video about our investment below:
Company information, press contact
evosoft Hungary Ltd.
Press contact:
Zoltán Gönye
Head of Marketing & Communication