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Further business success in the field of LED products

VEAS 02Due to the several new businesses won recently, VEAS Kft has become the most dynamically growing member of the Videoton company group. The factory made an investment of about 4 billion HUF in the past two years and reached a year on year growth of above 15%. Significant part of the new businesses is related to LED technology, one portion of them to energy saving lighting systems, another portion to the LED-based outdoor and indoor high category display systems. Thanks to these new businesses Videoton EAS Kft increased the number of its employees with more than 100 people this year, so employees circa 700 people now.
Part of the new electronic products takes care of the control of high capacity, innovative LED lights. These products are used in energy saving and long life-time lighting assets of indoor halls (airport waiting rooms, shops, theatres, hypermarkets, hotels, etc.).  Following the this year production of roughly 500K parts – especially due to the expected spread of the high capacity LED lights – the volumes are expected to grow significantly in year 2013.
In case of the other project, the VEAS Kft. started the production of LED wall modules in its Székesfehérvár location for its partner market leader in manufacturing professional visual assets. Following a larger quantity order of the first type, in the coming weeks the company starts the production of further types too.  The production of these high value and fairly complex products requires special attention from staff in order to be able to ensure the extremely strict quality demand.
Together with the new businesses starting this year the revenue is expected to increase with 2 billion HUF in total, thus the whole income of Videoton EAS Kft. is going to exceed 12 billion HUF in year 2012.
Due to the high technical level innovative products and its market leader partners in the LED application market, Videoton sees a long-term perspective in this peak-technology market segment, so endeavours to strengthen its presence.