Hungarian Investment Promotion Agency

VSG plays a significant role in the research and production of ultra-high-temperature materials, specializing in the development of advanced ceramic fibres and high-performance insulation materials. Its internationally recognized products are used in industries such as automotive, aerospace and energy.

The Singapore-based company places strong emphasis on innovation and sustainability. It develops special materials that can withstand extreme temperatures and play a key role in technologies aimed at reducing carbon emissions and improving efficiency.

The new VSH plant will be built in the INPARK industrial area operated by NIPÜF, National Industrial Park Operation and Development Ltd., approximately one and a half kilometres from residential areas. In the future, the facility will produce innovative, high heat-resistant industrial materials.

The world-class R&D centre called “AIMRI” will be established in Budapest, further strengthening Hungary’s role in global high-tech manufacturing and research and development.

The Hungarian subsidiary has signed a cooperation agreement with the Békéscsaba Vocational Training Centre and has also established contacts with key Hungarian institutions in materials science education, including Budapest University of Technology and Economics (BME), the University of Miskolc and the University of Szeged. This also indicates that the company plans to build its operations in Békéscsaba based on the local workforce.