Hungary’s Videoton plans to expand in Romania, Ukraine
evertiq.com spoke to Ottó Sinkó, CEO of Hungarian based EMS provider Videoton and asked about the company’s development on the European market, main focus, investments and future plans.
How does the development look for Videoton in Europe?
Last year Videoton grew 25% while this year the company estimates to grow 20%. The number of employees is the same. The company has grown through efficiency. However we still sees a stable growth in Hungary.
Which countries in Europe are in your main focus?
Bulgaria is an interesting market for Videoton. In Bulgaria and Romania the completion looks better, however wages are increasing in these two countries as well. In Bulgaria there is a very big industrial base.
Are there any other European countries you would like to enter?
The next locations for establish a production for Videoton is Romania and Ukraine. There is better growth in these two countries and competitiveness from other large EMS companies is smaller. (full report)
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