BUDAPEST: Electronic components manufacturer EPCOS, a member of the TDK group, inaugurated a HUF 10.5 billion development and production center in Szombathely, western Hungary, on Friday, merging its two bases in the city into a larger, 50,000 sqm space.
The company aims to boost annual revenue at the plant by 20% from the current HUF 61.5 billion, in the upcoming three years, EPCOS AG Chairman Joachim Zichlarz said. According to the chairman this will require expanding the base further.
Balázs Takács, managing director of EPCOSʼs Hungarian unit, said the plant manufactures electronics for the automotive industry, such as lane departure warning systems. The managing director revealed plans to raise the plantʼs share of automotive products within the group from 30% to 50%. According to Takács the base is already TDKʼs largest manufacturing center in Europe.
