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2011 was also a successful year

videoton logoThe expected income of the Videoton company group before consolidation exceeds 100 billion HUF, which shows a slight increase compared to the result in year 2010.
The company group still employees 8000 workers. The Hungarian factories increased the number of their employees with about 300 people but – due to the effects of the changes in the market – the Bulgarian subsidiary had to make a cut back in similar extent.
The primary goal in Videoton is organic growth. So the company group started a technology improvement programme which is more intensive than ever before. The value of the investment to be accomplished between 2010 and the end of 2013 is well beyond 5 billion HUF. Out of this more than 3.5 billion HUF has already been executed until 2011.
Though the majority of the investments going on also in the forthcoming year is carried out in the companies dealing with automotive and industrial electronic assembly, which are expected to have the largest result this year; actually the whole technical verticality – including plastic injection moulding, metal processing and sheet metal technology – and Videoton’s factory in Bulgaria is also affected. The largest industrial company in Hungarian private ownership finances the investments from its cash flow (not from credit).
Due to its prominently strong financial position and its increased technical and organisational efficiency the Videoton company group strengthened its position in the European market further against its competitors.

It is also a consequence of the above that Videoton extended its businesses with the existing partners and succeeded to get several new customers. The ability that Videoton was able to offer efficient solution to single business cases in certain characteristic industrial segments is to be highlighted especially.
In year 2011 the largest European automotive suppliers, Bosch and Continental gave new, complex tasks to Videoton, whom they already consider as a key supplier in the region.  The implementation of the projects needed several basic technologies, so the vertical integration of the company group meant an advantage and required the co-operation of several Videoton subsidiary companies.
In lighting industry the revolutionary breakthrough of LEDs is going on. The company group gained new lighting industry businesses in the field of public lighting, automotive industry and consumer industry. Related to these projects Videoton may produce complete sub-assemblies and, due to its electronic, plastic industrial and assembly technical competences, help its partners in design and NPI effectively.
In the field of household appliances, the company group also this year had a chance to participate in the launching of new products meaning worldwide novelty in their own category. Besides, Videoton was assigned to prepare further novelties too. Beyond all this, one of its largest partners entrusted the company with a task in which the management of the whole development process may be done by Videoton.  With the establishment of this ability Videoton, belonging to the leading contract manufacturers in Europe, achieved its year-long target.
Concerning industrial air technology, Videoton succeeded to introduce Ventifilt Kft, acquired during the year, in the German market and so to give a new horizon to the operation of the company.
 There are more and more potential customers who, hearing about the versatility of the company, use Videoton as a “trouble-shooter”, e.g.: for emergency takeover of work from suppliers not able to operate any more should it be caused by flood in Thailand or financial bankruptcy.