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Sóstó Property Development Ltd

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Hungary and Location of the Park
Company and Park History
General Information
Industrial Facilities available
Development Sites available
Development Services available


Company and Park History

Company history

Original companies
Loranger Manufacturing
Loranger Ipari Kft.

Current companies
Sóstó Ingatlanfejlesztő Kft.
Transdanubia Zrt.
169 Vagyonkezelő Kft.
N-H Building Kft.
GLV Ipari Kft.
Loranger Sóstó Ipar I Park Kft.

Time Line
1950 - Family-owned business founded in Pennsylvania, USA by J. Albert Loranger initially to produce plastic molded products and components.
1980 - Founder died. George P. Loranger became Chief Executive Officer
1992 - Expanded to Hungary for the purpose of supplying automotive components for Ford Motor Co.
1993 - Branched into Real Estate Development through a Joint Venture with the Hungarian government to develop two former Soviet military bases into an Industrial Park.
1995 - Expanded into providing full service - Turn Key - assistance to foreign investors in establishing retail and manufacturing operations in Hungary, not only in Sóstó Ipari Park, but in other Industrial Parks around Hungary

Management
George P. Loranger, Owner - B.S. Chemical Engineering, Cornell University, Ithaca, NY, USA
Jeffrey P. Loranger, Owner
Géza Dely, Administrative Director



Operational Services:

Sóstó Property Development Ltd.

Sóstó u. 9
Székesfehérvár 8000
Hungary

News:

New plant is built by Grundfos in Sóstó Industrial Park
Grundfos Hungary Manufacturing Ltd. is having its fourth plant built in Székesfehérvár. The investment was started behind the factory which has been operating here since 2007. The management decided about the expansion in 2011 so that they would be able to serve the increasing needs of the markets better ? said Dr. Zoltán Kocsis Plant Manager. As a result of this, research development would grow besides production so they will provide livelihood for young engineers and a career with great perspectives.
The investment ran into more than 5 billion forints in 2012 and will mean 12 billion more in 2013: a laboratory, a research office and a service building will be constructed. According to their plans the company will increase the number of employees with 300-350 people in the Székesfehérvár plant in Sóstó Industrial Park until the end of 2015.