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Videoton unit takes over capacity of Hager plant in France

Videoton Electronic Assembly Services (VEAS), a unit of Hungarian-owned contract electronics manufacturer Videoton, is taking over capacity from a French plant of Hager, a major European maker of electrotechnical installations in buildings, VEAS managing director Csaba Klambauer said.

The capacity transfer started last year and is about half-way completed, Klambauer said. Test production has been completed for about 200 components and serial production has started for a large number of these, he added.

The transfer of about 250 components in total is expected to be completed by mid-year, he said.

VEAS has shifted its profile from large-scale assembly to small-scale production of diverse and complex products. It recently started more than HUF 1 billion in developments to improve technology and boost capacity.

Parent company Videoton has nine bases in Hungary, one in Bulgaria and another in Ukraine. It employs some 8,000 people and had revenue of HUF 86 billion in 2010.

VEAS employs some 500 people.