Videoton is the largest indigenous Eastern European Company in the automotive
industry. Videoton is managed by two Hungarian individuals - Otto Sinkó and Peter Lakatos. They acquired the company 20 years ago during the Hungarian political system changes; since then the management and ownership structure is unchanged.. The company, headquartered in Székesfehérvár (Hungary), has nine locations in Hungary, one in Bulgaria (Stara Zagora) and one in Ukraine (Mukachevo). Videoton is the 4th most significant Electronic Manufacturing Service Provider and 26th largest globally at the same time. The company group employs 8,000 people and the Hungarian factories have hired 300 new employees over 2011/ Videoton aims for organic growth and has realised this by achieving successive record revenues in 2010 (€326 million) and 2011 (over €350 million).
The automotive assembly is one of the most important and fastest growing segments within the Videoton Group. Partners include leading automotive suppliers as Bosch and Continental, who see Videoton as one of their key suppliers in the region. Videoton is valued by them as it is able to conduct complex tasks while the vertical integration within Videoton is a real advantage since several Videoton subsidiary companies are able to assist with the complex tasks. In addition, Videoton profits from its high level of versatility. A growing number of customers use Videoton as a trouble shooter, for emergency takeover of work from suppliers not able to operate any more due to natural disasters (bear in mind the consequences of the tsunami in Japan and floods in Thailand for the global automotive industry) or to replace suppliers hit by financial bankruptcy.
During the plant visit we will visit the Electronics plant and Injection Moulding plant. Use this unique opportunity to benchmark and to see this Hungarian success-story with your own eyes. Ask your questions to senior management and learn more about Videoton’s quality requirements and remarkable successful production processes. On top of that, find out how the plant chooses it suppliers and providers to become or remain a preferred supplier or provider.