Videoton, the largest Hungarian industrial group being in local private ownership, showed continuous growth during the last four years reaching a new record turnover in each year.
From 2009 - the lowest point of the world economic crisis - until the end of 2013 Videoton Group’s turnover increased by 50% in total and continues to grow in 2014.
In this dynamic growth electronics production took the biggest part from the integrated manufacturing portfolio of the Group and became the Videoton’s engine with its growth rate of 66%. As a natural consequence, the 75-year old company is still playing a leading role among the European based EMS providers being the TOP 4 in Europe while having the position no. 27 worldwide. Although Automotive is still the largest market of the Group, Industrial Applications have been providing the most dynamic growth in the recent years with a fast increasing number of new market segments and customers.
Based on the extraordinarily stable financial situation Videoton realized several significant technological investments in electronics production during the last four years, in total value of ca. 25 million EUR.
As a result of these investments new technologies like selective varnishing, selective soldering, ultrasonic washing were introduced on one hand. On other hand, besides increasing the component insertion capacity significantly, the production area was also expanded by ca. 45%, resulting in a total surface of 37.000 sqm for electronics assembly in Hungary and Bulgaria where the labor intensive products are manufactured.
Thanks to the continuous technological development as well as its well-established position and good reputation on the European market Videoton has gained foothold on new market segments like LED building lighting, measurement and control of liquids, gases and dry products in harsh environment and active suspension systems in addition to expanding its traditional markets like automotive lighting, railway electronics and building automation.
A quite significant development has also taken place in the design & engineering activities of the company. The engineering teams of Videoton are involved in the new product design projects of more and more customers in an expanding range of applications providing complex DfX services and a complete industrialization. As a result their contribution significantly shortens the time-to-market of the new products of customers.
The key characteristics of Videoton’s EMS activity - besides the outstanding quality, the continuous technological development and market & customer-oriented approach - is the high flexibility. This is also proven by the fact that the two fully specialized EMS subsidiaries, serving Automotive or Industrial clients, manufacture 1.600 different products for 35 customers ranging from yearly 10 to 3.000.000 pieces.
The key goal of Videoton is to realize its further growth by having long-term cooperation with key accounts for whom the Group can become a strategic preferred supplier of PCBA’s, modules and complete products in the European region.