Rosenberger Group’s two Hungarian subsidiaries, Rosenberger Magyarország Elektronikai (‘Electronics’) Ltd. and Rosenberger Cabling Automotive Ltd., expand manufacturing capacity of automotive electronics and data transfer connectors with an over EUR 44 million investment in Hungary.
The development to be carried out in three countryside locations, namely in Jászárokszállás, Jászberény and Nyírbátor, all in the eastern part of the country, is a key step towards turning Hungary into the production and logistics center of the European and North-African region, according to the Hungarian Investment Promotion Agency.
Having a history of fifty years, Rosenberger Group was founded as a German family business that has a leading role in manufacturing high frequency connectivity solutions and fiber optic technology, and it provides a wide range of standardized and specific connectivity solutions and optic technology.
The corporate group that is present in five continents employs over 14,000 people worldwide out of which 3,200 work in Hungary. Rosenberger considers Hungary as its European center the role of which is further strengthened by the current investment.
According to publicly available data, Rosenberger Magyarország Kft. achieved sales revenues of HUF 32.66 billion last year, of which HUF 32.253 billion came from exports and HUF 406.5 million from domestic sales. A year earlier, the company generated revenues of HUF 27.858 billion, with exports accounting for HUF 27.559 billion and domestic sales for HUF 299.3 million. The company closed last year with a profit after tax of HUF 3.227 billion, compared to HUF 1.930 billion a year earlier, the Hungarian state news agency MTI reports.
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