Global Citizenship: What I’ve Learned About the American PCB Business
Global Sourcing Spotlight: The Best Products to Buy Offshore Through Global Sourcing
Nolan's Notes: The Rise (and Risk) of Data
Successes and Challenges at Videoton
November 28, 2018 | VideotonEstimated reading time: 1 minute
Celebrating its 80th anniversary this year, Videoton Group reached a new record in the first 8 months of 2018 thanks to increasing its turnover by 11% compared to the same period last year. By the end of 2018, the turnover of our manufacturing subsidiaries is expected to triple compared to what they had 10 years ago when the global financial crisis broke out.
Based on its turnover, Videoton Group continues to be among the TOP 5 contract manufacturers headquartered in Europe while being in TOP 3 based on value-add figures.
The profitability competitiveness, technological complexity and service level of the group are considered outstanding even on a global level.
At the same time this is also the most challenging year for the group. Due to the lack of manpower, our growth had to be realised with a practically unchanged headcount.
The number of employees at our manufacturing subsidiaries was 7.250 at half-year. Together with our service companies the figure was 10.700 in total.
We were able to realise our results with a wage increase that was higher than the average in the National Economy.
It further increased the challenges of this year that Videoton is realising the biggest investment of its history. The total amount of investments will exceed 14 billion HUF in 2018 which is 2,5 times more than the typical figures of the previous years.
All investments are continued to be financed from Videoton’s own capital.
The investments are linked to our core activities & existing businesses, largely concerning the fields of Industry 4.0, integrated ERP and digitalisation. They are also expected to establish a solid base for the development of the Group in the coming decade.
Share on:
Suggested Items
China Overtakes Germany and Japan in Robot Density
11/22/2024 | IFRChina's adoption of robots continues at a rapid pace: The country has surpassed Germany and Japan in the ratio of robots to factory workers, taking third place in the world in 2023.
PCB Design Software Market Expected to Hit $9.2B by 2031
11/21/2024 | openPRThis report provides an overview of the PCB design software market, detailing key market drivers, challenges, technological advancements, regional dynamics, and future trends. With a projected compound annual growth rate (CAGR) of 13.4% from 2024 to 2031, the market is expected to grow from USD 3.9 billion in 2024 to USD 9.2 billion by 2031.
SIA Applauds CHIPS Award for Semiconductor Research Corporation’s SMART USA Institute
11/21/2024 | SIAThe Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer commending the announcement that the U.S. Department of Commerce and the Semiconductor Research Corporation Manufacturing Consortium Corporation (SRC) are entering negotiations for the Commerce Department to provide SRC $285 million to establish and operate the CHIPS Manufacturing USA Institute for Digital Twins.
SIA Praises Finalization of CHIPS Investments for GlobalFoundries Manufacturing Projects
11/21/2024 | SIAThe Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer applauding finalization of semiconductor manufacturing investments announced by the U.S. Department of Commerce and GlobalFoundries.
IPC Issues Clarion Call for EU to Reclaim Leadership in Electronics Manufacturing
11/21/2024 | IPCIPC released a synopsis of its recent white paper, Securing the European Union’s Electronics Ecosystem. This condensed document presents a comprehensive overview of the current challenges in Europe’s electronics manufacturing industry and shares actionable steps to help the EU achieve a stronger, more autonomous ecosystem.