Business Opportunity Report: HUNGARY AUTOMOTIVE + MEM-SUPPLIERS

Transcription

1 Business Opportunity Report: HUNGARY OFFICIAL PROGRAMME PARTNER

2 BUSINESS OPPORTUNITY REPORT: HUNGARY The Report contains basic information about Hungarian automotive industry, including local OEM automotive suppliers. It includes profiles of the main market players. Moreover the Report gives a general insight into the Hungarian MEM sector and shows business opportunities for Swiss SMEs both in automotive and MEM industries. Language: English Number of pages: 26 Author: Sotres Ltd Date: April 2015 Other architectural Reports: Are you interested in other architectural Reports for other sectors and countries? Please find more Reports here: s-ge.com/reports DISCLAIMER The information in this report was gathered and researched from sources believed to be reliable and is written in good faith. Switzerland Global Enterprise and its network partners cannot be held liable for data, which might not be complete, accurate or up-to-date; nor for data which are from internet pages/sources on which Switzerland Global Enterprise or its network partners do not have any influence. The information in this report does not have a legal or juridical character, unless specifically noted.

3 Contents 1. INTRODUCTION Production of vehicles 5 2. AUTOMOTIVE SUPPLIERS, OEMS Structure Main suppliers Associations/Organisations/Fair MEM INDUSTRY IN GENERAL Associations/Organisations/Fair 25

4 1. Introduction The automotive sector is one of Hungary's core industries, which accounts for 20% of the country s total exports. There are around companies employing 80,000 people generating over 17 billion EUR revenues annually active in this industry. 93.6% of their products and services are exported. Traditionally, before the political and economic changes in 1990s the Hungarian automotive industry was characterized mostly by production of commercial vehicles such as trucks and buses. Currently the structure is completely different. The number of OEMs, 1st and 2nd Tier manufacturers has been constantly rising. Since the early 1990s, several foreign car manufacturers, such as Suzuki, Audi, General Motors and Daimler as well as 14 of the top 20 Tier 1 suppliers have set up production facilities in Hungary. According to the available data nearly 432 thousand passenger cars and light commercial vehicles were produced in Hungary in Furthermore, around 2.5 million engines were manufactured. Also the commercial vehicle production has not completely stopped; about 70 buses were produced in The domestic Hungarian automotive industry is characterized by a strong presence of subsidiaries of foreign companies, which employ around 80% of all workers in this sector and whose production value represents 90% of revenues achieved be the whole automotive industry in Hungary. The structure of automotive production in Hungary has been continuously changing during last years. In 2011, the ratio of automotive components value to complete vehicles value amounted to 51% t0 49% and in the first ten months of 2014 it changed to 45% t0 55%. The automotive industry is essential for the further development of the country. The high level of university education and the established R&D centers contribute to the development of the automotive industry in a wider sense. The intellectual capital contributes to a growing number of R&D centers established in Hungary. Most of the automakers try to involve the Hungarian universities and research institutes into their R&D and innovation activities. The Hungarian government strongly supports the establishment of innovation centers hoping that Hungary will become the regional innovation center of the vehicle industry. Furthermore, the automotive sector is a driving force for other branches of the Hungarian economy. In recent years the positive developments in such MEM industries as manufacturing of basic metals and fabricated metal products, manufacturing of electrical machinery as well as installation and repair of industrial machinery and equipment were recorded in Hungary. 4

5 1.1. PRODUCTION OF VEHICLES Car production is one of the most important industry segments in Hungary. With 431,936 passenger cars and light commercial vehicles produced in 2014, Hungary is one the leading countries in the region of Central and Eastern Europe in terms of number of cars manufactured per capita. After the production slump in 2009, resulting from the global financial crisis, Hungarian automotive industry recovered slowly, increasing its car production by 2-7% from 2010 to The year 2013, when the production rose by 33%, was a breakthrough, mainly due to the new investments of Audi and Mercedes, but also due to growing demand on Suzuki cars. In 2014, the growth rate was even higher than in 2013 and amounted to almost 36%. This result could be achieved mainly thanks to significant production increases of Audi (135,232) and Mercedes (150,000). On the other hand, the number of Suzuki cars manufactured in Hungary in 2014 declined to 146,704 units. Table 1 Production of passenger cars and LCV (in units) Suzuki Mercedes Audi Fiat Total Change y/o/y ,070 40,000 33,553 8, , , ,263 42,851 4, , , , , , Sources: OICA, own sources and estimations Comparing the revenues, Audi Hungaria Motor Ltd. was the largest company in the automotive industry and the second largest in the whole Hungarian economy in It generated EUR 5.9 billion revenues. Further significant automotive companies were Mercedes-Benz Hungary (revenues in 2013: EUR 2.1 billion) and Suzuki EUR Ltd. (revenues in 21013: EUR 1.6 billion). The major car manufacturer operating in Hungary is Magyar Suzuki Zrt., which is a part of Suzuki Corporation. In 1991, the Japanese company established its factory in Esztergom, a city located 50 km from the capital Budapest. The slogan This is our car emphasized the high (more than 50%) share of local, Hungarian suppliers in the production process. In 1992 the company launched Suzuki Swift model, a car dedicated to middle class that happened to be a great success. The expansion of the plant in Esztergom finished around 2007, when the factory had three-shift operation, hired 3,100 workers and manufactured over 200,000 cars per year. The peak year was 2008 with production around 280,000 units. After the European car market deteriorated significantly in 2009, the production volume decreased steadily reaching 171,700 vehicles in 2010, 168,555 in 2011 and 156,070 in In 2013, the negative trend was stopped and the number of cars manufactured in Esztergom rose to 161,106 pieces. In 2014, there was again a drop in production and Suzuki lost its leading position in Hungary in favour of Mercedes. Since its foundation, the company has produced more than 2.5 million cars. The Swift was followed by several other models: Sedan, WagonR +, SX4, Swift2, Splash and from 2014 the S-CROSS. Suzuki produced also cars under the brand names of Opel and Fiat: e.g. Splash (Opel Agila) or SX4 (Fiat Sedici), however these models are no longer manufactured in the plant in Esztergom. The Magyar Suzuki Zrt. is the country's 14th largest company in terms of sales revenues which account for around EUR 1.5 billion per year. 95% of the revenues come from exports. In addition to Suzuki, Opel has also played a major role in the history of car production in Hungary. General Motors Automotive Distributors Ltd. was founded in 1992 in Szentgotthárd as an assembly and engine manufacturing subsidiary. In March 1992, the first Opel Astra produced in Hungary rolled off the line. The domestic production of the Opel car lasted six years till During this period about 85,000 vehicles were assembled. After the closure of the assembly plant the production of car engines became the main profile of the company. The majority of car engines manufactured in Szentgotthárd are exported to the USA. In 2013, Opel extended its production capacity and due to an investment of EUR 700 million opened a new engine plant in Szentgotthárd. The new factory is one of the most modern facilities in Europe and specializes in production of 1.6 liter petrol and diesel engines. Since 2014, it manufactures also small 1.0 liter gasoline engines. 5

6 Another relevant market player - Audi Hungaria Motor Kft. was established in 1993 in Győr. Since that time the company has developed into the world's biggest engine producer. Currently, it supplies the brands of the entire Volkswagen Group. The assembly of the Audi TT model was added to engine production in In September 2010, Audi announced the expansion of vehicle production in its Hungarian plant. Within two years, Audi constructed a complete production plant equipped with press shop, body shop, paint shop and assembly lines, covering floor space of more than two million square meters at its site in Győr. The company invested a total of over EUR 900 million in infrastructure, buildings and innovative production equipment. Audi Hungaria Motor Kft. has created 2,100 additional jobs as a result of the plant expansion. The new factory was officially opened in June As a result of the development, four different Audi models are completely produced in Győr: Audi TT Coupé, Roadster, A3 Cabriolet and A3 Sedan, which is one of the most popular models of this manufacturer. It is expected that new plant will produce approximately 125,000 cars annually. After the expansion project, Audi (including its own headcount, suppliers and service providers) employs over 15,000 people in the region of Győr. In 2008, Daimler-Benz announced the establishment of a new car manufacturing plant, producing new generation of Mercedes A and B-class models in Kecskemét, Hungary. The production in Mercedes Benz Manufacturing Hungary Kft. in Kecskemét started officially on 29th of March After less than three months of manufacturing, the plant produced 10,000 units of the B-class Mercedes. Because of the high demand for the B-class, number of employees grew from the originally planned 2,500 to 3,000 by the end of In 2013, Mercedes produced more than 100,000 cars. In 2014, the company became the largest car producer in Hungary overtaking the previous leader, Magyar Suzuki Zrt. The above mentioned investments radically changed the structure of the Hungarian automotive industry, which had been previously dominated by production of trucks and buses. One of the two former truck factories Csepel Autógyár was liquidated. The second one, Raba Group, has changed its production profile and has mainly concentrated on manufacturing of chassis. Currently, Raba Group plans to restart the production of military trucks, however, this project has not started yet. Ikarus was the flagship of bus production in Hungary for decades. In the seventies the company manufactured thousand buses yearly. After the political and economic changes in Ikarus lost its markets, its financial situation became uncertain and at the beginning of the last decade the factory was closed. Several attempts have been made to renew the bus production under the brand Ikarus but without success. Today, there are several smaller enterprises operating on the site of the former Ikarus factory (ARC-Ikaros, Magyarbusz etc.) including one manufacturer of buses. This company is Kühne Kravtex, a joint venture established by Raba Group and Kühne Mezőgazdasági Gépgyár, which produces buses under the brand name Credo. Another major player in the market was the company NABI (North American Bus Industry), which was founded in The factory produced about 8,000 buses yearly. Buses were exported mainly to the USA. In 2013 NABI ceased its activity in Hungary. Figure 1 Production of buses (in units) Sources: OICA According to the last, however non-confirmed news, Volvo is considering starting bus production in Hungary. 6

7 2. Automotive Suppliers, OEMs The presence of several big car manufacturers such as Suzuki, Opel, Audi and Mercedes boosted investments of numerous multinational automotive suppliers that decided to establish their subsidiaries and manufacturing plants in Hungary. Parallel with the expansion of foreign investors many small and medium-sized Hungarian enterprises have been created in order to supply the automotive companies. Many of them started their activity as cooperation partners of the major car producer operating in Hungary, Magyar Suzuki Zrt. Currently, almost all the world's largest auto parts manufacturers are present in Hungary. They produce very wide range of car parts and components from car engines through harnesses, mirrors, seats and brakes to the electronic modules. As it was stated above the biggest car engine manufacturers operating in Hungary are Audi and Opel. The largest automotive supplier operating in Hungary is Bosch Group, which runs nine factories in the whole country. Two biggest production plants of the group are located in Hatvan and in Miskolc. The factory in Hatvan, Robert Bosch Elektronikai Kft., manufactures control units for automatic transmissions, ABS, airbags, electro-hydraulic servo steering, body electronics, on-board computers, ESP, complete dashboards and radar sensors. The production plant in Miskolc, Robert Bosch Energy and Body System Kft., is specialized in such components as: starter motors, relays, electric drives, air conditioners and electric motors wiper systems. Other important international players with presence on the Hungarian market are i.a. Continental (vehicle electronic components and microelectronic circuit modules), Lear Corporation (harness manufacturing, stitching of upholstery, seat assembly), LuK Savaria (clutches, clutch discs), Denso (diesel engine related parts and system control components), Harman (loudspeaker systems and microphones for the automotive industry), Delphi (electronics and safety components, diesel control modules, automotive connection elements), BorgWarner (turbochargers, clutch and exhaust components) and SMR (external and interior rear-view mirrors and blinkers). Mergers and acquisitions of multinational automotive suppliers have significant implications on the Hungarian market. Recently, after the acquisition of ZF Friedrichshafen by Bosch Group, the Hungarian factories of the company became a part of Bosch Group. According to the latest news the next important transaction on this market will be purchasing of the US company Eagle Ottawa by Lear Corporation. Eagle Ottawa has also production plants in Hungary, which will be probably taken over by Lear Corporation as a part of the deal. Three international manufacturers of tyres operating in Hungary are Michelin Tire Hungaria Kft. (located in Nyíregyháza), Bridgestone Tatabanya Ltd. (located in Tatabanya) and Hankook Tire Hungary Kft. (located in Rácalmás). Furthermore, the plant of Apollo Tyres is currently under construction in Gyöngyöshalászi. The production will begin in early The new factory will be able to produce seven million units of tyres per year. Taking it into account, approximately 32 million tyres yearly will be manufactured in Hungary by Furthermore it is said that the Japanese company Sumitomo plans to build a rubber production plant and logistics hub in Hungary. 7

8 2.1. STRUCTURE Total production value of the Hungarian automotive industry amounted to over EUR 21 billion in 2014 and was higher by 23% than the production value in the previous year. The positive developments can be observed on the Hungarian market since The share of Hungary in the world automotive industry amounts to 0.4%. Table 2: Growth automotive industry, incl. supplier, OEM industry (billion ) growth (%) growth (%) growth (%) Hungary Sources: Hungarian Central Statistical Office The structure of the Hungarian production sector has changed considerably in the last years. The share of OEM parts production in the total automotive industry (including OEM industry) fell from 51% in 2011 to 45% in 2014 (according to the preliminary data), while the share of car production raised from 49% to 55%. The strong increase of the share of manufactured vehicles vs. manufactured parts resulted mainly from the growth of production in Mercedes and Audi factories. The total revenues of OEM parts producers operating in Hungary increased moderately in The figures for 2013 and 2014 show a significant growth. Especially the year 2014 was very successful for the Hungarian OEM industry. In 2014, the companies from this sector achieved revenues at the level of EUR 9.4, 16.5% higher than in previous year. Table 3: Total revenues of OEM parts producers (billion ) growth (%) growth (%) growth (%) Hungary Sources: Hungarian Central Statistical Office Automotive industry is the most export-oriented sector of the Hungarian economy with 93.6% of sales that went abroad in According to preliminary data, the export value increased further in 2014 and is expected to reach a share of 99.0%. The main direction of exports is Germany, which share amounted to 24.5% in In 2013, automotive suppliers operating in Hungary exported 87.6% of their production. The main target market was Germany with a share of 43.2% in total Hungarian exports of car parts and components. Together with the strong growth of the whole Hungarian automotive industry the imports of parts have also increased significantly. The value of imported parts rose from EUR billion in 2011 to EUR 3.16 billion in 2013 that represented an increase by 45.3%. Figure 2 Leading suppliers of automotive parts to Hungary in 2013 (top 5+Switzerland, according CN code 8708, value of import, million ) Germany Czech Republic Austria Slovakia France Switzerland 3, Sources: Hungarian Central Statistical Office, Eurostat

9 The dominant sourcing country was again Germany with a share of 43.6% in total Hungarian imports of car parts and components (under tariff number CN 8708). The second largest supplier was Czech Republic with a 15.2% share in imports in Other significant import countries were Austria, Slovakia and France. Table 4: Structure of the automotive supplier, OEM industry * Production of OEM car parts as share of total GDP (%) No of companies in the whole automotive sector No of employees in sector of automotive parts production (thousand) Investment sum into the automotive sector (million ) 1,454 1,847 1,530 1,300 Sources: Eurostat, *Forecasts based on the data from Eurostat and the Hungarian Central Statistical Office The share of production of OEM car parts in the total Hungarian GDP has been increasing moderately in the last years. However, according to the preliminary data the growth in 2014 will be visibly higher and the share of OEM car parts sector in the Hungarian GDP will achieve a level of 5.1%. The number of companies in the automotive sector as well as the number of employees recorder a noticeable growth over the last period. From 2011 to 2014, the total value of investments into the Hungarian automotive industry amounted to EUR 6.1 billion. The main contributors to this investment boom were Mercedes, Audi and GM/Opel, which enlarged significantly their production capacities. Map 1 Leading automotive companies in Hungary 9

10 2.2. MAIN SUPPLIERS Company Robert Bosch Elektronikai Kft. 1. Robert Bosch u Hatvan Phone Fax Website Founded 1991 Number of employees 3,340 (2013) Turnover EUR 1,192.7 million (2013) Bosch Group operates nine factories in Hungary. The production plant of the company Robert Bosch Elektronikai Kft. is located in Hatvan, 50 kilometer east from Budapest. The factory is the worldwide largest production site of the Bosch Group's automotive Production/ electronics division. Since its foundation in 1991 hundreds of millions of electronic Plant location/ components have been produced there. These components are used by almost every Main clients automotive manufacturer in the world. The company produces complete dashboards and radar sensors for BMW. The long range radar sensors are installed i.a. in Audi A8 and Porsche Cayenne, while mid-range radar detectors are installed in cars manufactured by Volkswagen, Chrysler, Nissan and Honda. Robert Bosch Elektronikai Kft. manufactures different types of control units for automatic transmissions, ABS, airbags, electro-hydraulic servo steering, body electronics, on-board computers, ESP and complete dashboards. The company acts as Competence a lead plant to other production sites of the group and manages about 30 start-ups per year. Robert Bosch Elektronikai Kft. benefits also from the growing trend in the field of hybrid electronics and fully electronic cars. Bosch has strict expectations towards the suppliers. Suppliers need to have high level of technology, highest quality and competitive price. Besides, candidate suppliers must meet the following criteria: TS certification, automotive references, clientoriented behavior, stable economic situation, readiness to invest, etc. The company applies direct and indirect procurement practices. The direct line generally includes the machines and components to be installed. Potential new candidates should write an on the address: [email protected] and fill in the supplier questionnaire: Decision making way The presentation materials are evaluated and if they meet the company's expectations, the additional audit is conducted. After having a successful audit potential suppliers are registered on the list of Bosch s official suppliers. In case of smaller spare parts and tools the decision maker is the purchasing division of Robert Bosch Elektronikai Kft. in Hatvan, which cooperates in this area with every Bosch factory in the country. Contact person is Mrs. Dora Balazs (Phone: , [email protected]). The purchasing department investigates submitted documentation, technical specifications and additional relevant information. Robert Bosch Elektronikai Kft. has an extremely wide network of suppliers. In addition to foreign companies it cooperates also with the growing number of Network of cooperation partners Hungarian suppliers. Typical products purchased by Robert Bosch Elektronikai Kft. are: plastic parts, castings and metal elements. Examples of the company s Hungarian suppliers are: Borsod Műhely Kft., Győr; Silveria Electronics Ltd, Kecskemet (dashboard components), Scintilla Engineering Ltd., Jászberény (electric wire and cable processing units), Videoton Co., Székesfehérvár (electronic & plastic modules). 10

11 Company Continental Automotive Hungary Kft. 6-8 Házgyári u Veszprém Phone Fax Website n/a Founded 1990 Number of employees 2,983 (2013) Turnover EUR million (2013) The company has been present in Hungary for 25 years. Continental Automotive Hungary Kft. deals with production and development of automotive electronic components. The enterprise owns seven plants in Hungary, in the following cities: Veszprém, Budapest, Szeged, Makó, Vác, Nyíregyháza and Budaörs. The production Production/ Plant location/ Main clients capacity of these factories is continuously growing. The new product of the plant in Veszprém is a third generation intelligent battery sensor. One of the latest developments of the factory in Budapest is the small and compact steering servo controller. The factory in Szeged focuses on the development and manufacturing of special harnesses. Plants in Makó and Vác produce fuel hoses. The company's main customers are Europe's leading car manufacturers, including BMW, Daimler and the Volkswagen Group, as well as truck producers Volvo Group, Scania, DAF and Perkins. Competence Decision making way Network of cooperation partners Continental Automotive Hungary Kft. specializes in manufacturing of components, which are integrated into electronic brake systems (ABS, ESC), vehicle electronic systems and microelectronic circuit modules. The company s products are e.g.: brake systems, various comfort and chassis electronic components, sensor clusters, electronic control units for electronic stability systems and hybrid drive systems, body control electronics, oil sensors, etc. Generally, Continental integrates the full range of active and passive safety systems. With introduction of a new system ContiGuard, the company has created the next level of driving safety technology, proactively integrating all available know-how to serve one goal: a significant reduction of accidents and number of fatalities. The selection of suppliers is based on a controlled process in every Continental plant. This process ensures that all suppliers compete on equal terms. The primary criterion for selection of suppliers is an outstanding competence in a given technology. Continental expects also from its suppliers a stable background (growing revenue size, wide customer base, company history) and a competitive cost structure. An additional requirement is the consequent application of ISO TS: automotive and ISO environmental standard. The rigorous selection process and audit are controlled by Continental s headquarters. The successful candidates are registered on the supplier list of Continental. After this registration they have the right to sell their products to any Continental plant in the region. Contact person in the purchasing department of the company is Mr. Peter Vajda ( [email protected]). Continental Automotive Hungary Kft. cooperates with hundreds of suppliers from all over the world. Examples of the company s Hungarian suppliers are: Csaba Metal Foundries, Békéscsaba (ABS metal parts); Borsodi Workshop Ltd., Győr (spark tooling); Videoton, Székesfehérvár (electronic & plastic modules). 11

12 Company Lear Corporation Hungary Kft. 4. Haraszti u Gödöllő Phone Fax Website n/a Founded 2000 Number of employees 3,637 (2013) Turnover EUR million (2013) Lear Corporation is one of the world's leading manufacturers of vehicle seats and electrical systems. The US-based company has 221 plants in 36 countries, among others Production/ in Argentina, Belgium, Canada, China, Hungary, Japan, Mexico, Singapore, Thailand Plant location/ and the United Kingdom. In Hungary, Lear Corporation possesses four factories: in Main clients Gödöllő, Gyöngyös, Mór and Győr. The biggest customers of the company are: BMW, General Motors, Ford, Volvo, Daimler, Volkswagen Group, Nissan and Saab. Factories in Gödöllő and Gyöngyös produce harnesses, production plant in Mór deals with stitching of upholstery and factory in Győr specializes in assembly of seats. In Competence order to reach the most economical way of production and servicing processes Lear Corporation consistently applies the lean manufacturing system in all Hungarian factories. Lear Corporation runs a special internet portal for its suppliers, which provides important information and enhances the procurement process throughout the entire supply chain by using common standards: Companies can apply in order to become suppliers of Lear Corporation on the following [email protected]. Potential suppliers have to provide information Decision making way about their profiles, product portfolio and other relevant data. Lear Corporation attaches great importance to the existence of TS quality certification and to the automotive references of the applicant company. Those companies, which turn out to be successful in the audit process, become suppliers and are entitled to deliver their products to the different factories of Lear Corporation. Network of cooperation partners The company cooperates with suppliers from all over the world. Because Lear Corporation Hungary Kft. does not conduct direct procurement, all necessary parts and components can arrive to the Hungarian factories only through the regional centers of Lear Corporation. Even two major Hungarian suppliers of the company (RABA Automotive Plc. in Győr and Technoplast Kft. in Felsőzsolca) deliver their products to Lear Corporation Hungary Kft. via the regional centers of the group. 12

13 Company Robert Bosch Energy and Body System Kft. 3. Robert Bosch park 3526 Miskolc Fax Phone Website Founded 2003 Number of employees 2,250 (2013) Turnover EUR million (2013) Robert Bosch Energy and Body System Kft. is the second largest production plant of Bosch Group in Hungary. The company is located in Miskolc, in northern part of the Production/ country. The factory deals with production of automotive parts, starter motors, relays Plant location/ and electric drives. The site has good road links with other European countries via the Main clients M3 motorway. Parts and components produced by Robert Bosch Energy and Body System Kft. are installed in cars of almost all major automotive manufacturers. A new component manufactured in Miskolc is a starter used in Start-Stop systems. The company continuously develops its products and enlarges its offer. Currently, it is Competence introducing into the market such products as: air conditioners, electric motors and wiper systems. The development department of the plant in Miskolc has excellent relations with the University of Miskolc. Robert Bosch Energy and Body System Kft. works on the basis of the purchasing system of the entire Bosch Group. Parts that are installed in cars are purchased in direct procurement system. If the company is not on the official list of Bosch Group suppliers, it should send its application to Robert Bosch Energy and Body System Kft. via the following address: [email protected]. Potential suppliers have to meet the following criteria: high technological level, audited quality assurance system and possessing of TS certification. Furthermore, they should offer competitive prices Decision making way and have references from other automotive companies. In case of smaller spare parts and tools Robert Bosch Energy and Body System Kft. works on the basis of indirect procurement system. In this system the decision maker is the purchasing division of Robert Bosch Elektronikai Kft. in Hatvan. Contact person is Mrs. Dora Balazs (Phone: , [email protected]). The purchasing department investigates submitted documentation, technical specifications and additional relevant information. Network of cooperation partners Robert Bosch Energy and Body System Kft. cooperate with suppliers from all over the world. Examples of the major Hungarian partners are: Borsod Műhely Kft., Győr (manufacture of machined parts), Silveria Electronics Ltd., Kecskemet / (dashboard components), Scintilla Engineering Ltd., Jászberény (electric wire and cable processing units), Videoton Zrt., Szekesfehervar (electronic and plastic modules), Technoplast Ltd., Felsőzsolca (electronic and metal modules). 13

14 Company LuK Savaria Kuplunggyártó Kft. 31 Zanati u Szombathely Phone Fax Website Founded 1996 Number of employees 2,200 (2013) Turnover EUR million (2013) Luk Savaria Kuplunggyártó Kft. belongs to Schaeffler Group and is one of the world's largest companies producing clutches and clutch discs. Daily production capacity of the Production/ Plant location/ Main clients enterprise is about 26 thousand units. 20% of its products are traditional clutches, while 80% are new "self-adjusting clutches. The production plant of Luk Savaria Kuplunggyártó Kft. is located in Szombathely only 20 kilometers from the Austrian border and 220 kilometers from Budapest. Among the company s major customers are such car manufacturers as: Volkswagen Group, Peugeot, Renault, Suzuki, Toyota and Ford. Competence Decision making way Network of cooperation partners The company continuously expands its production capacity. It is expected that in 2015 the number of employees will increase by 300 people. Luk Savaria Kuplunggyártó Kft. plans also to strengthen its research & development department. Currently, there are 60 experts working in the area of research & development. In order to create and maintain a good basis of well-educated employees the company cooperates closely with universities in Győr and in Szombathely. LuK Savaria Kft. is open to contacts with potential new suppliers. The candidate companies must adapt to the general conditions determined by Schaeffler Group, which are available under the following link: The fundamental requirement for new suppliers is the existence of TS automotive certification. Furthermore, LuK Savaria Kft. expects from its partners to follow the principle of "zero error strategy", to hold deadlines and to lead transparent price and environmental policy. Contact person in the purchasing department is Mr. Tamás Bodai (Phone: , [email protected]). The majority of components used by LuK Savaria Kft. is imported from abroad, however the number of Hungarian suppliers of the company is continuously growing. Two largest Hungarian partners of LuK Savaria Kft. are: VIDEOTON Zrt., Székesfehérvár (plastic modules) and Borsodi Műhely Kft., Győr (parts made by spark tooling). 14

15 Company Denso Manufacturing Hungary Kft. 14. Holland fasor 8000 Székesfehérvár Phone Fax Website hu Founded 1997 Number of employees 3,473 (2013) Turnover EUR million (2013) The Japanese enterprise Denso is one of the world's leading manufacturers of automotive parts. Denso Manufacturing Hungary Kft. is the Hungarian subsidiary of the company. Its production plant is located in Székesfehérvár, 65 kilometer from Budapest. The factory specializes in manufacturing of parts and components for diesel cars. In the production process it uses such technologies as: casting, heat treatment, Production/ Plant location/ Main clients forging, machining, assembly, calibration, testing. Denso s products are elements of vehicles and engines of following manufacturers: Volkswagen Group, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, John Deere, PSA, M.A.N. and others. It is planned that within the next two years there will be a new investment of EUR 100 million in the company s factory in Székesfehérvár. As a Competence Decision making way Network of cooperation partners consequence of this investment Denso Manufacturing Hungary Kft. will start the production of a new injection system (I-art common-rail system, 2500 bar), which is fitted into Volvo passenger cars. Core products of the company are: fuel systems for diesel engines (known as common rail systems ) and system control components, which reduce fuel consumption and increase the use of engine capacity. The strength of Denso Manufacturing Hungary Kft. are well-trained and experienced employees, who are aware of the importance of quality. The company expects from its suppliers high level of service, innovative solutions, competitiveness as well as transparent and stable financial situation. The selection process is a long procedure including multiple audits and samplings. If the supplier fulfills the basic criteria of selection, Denso provides this company with the necessary assistance. Denso strives to create predictable relationships with suppliers and profitability for both parties. Every year it organizes a conference for its suppliers aiming at strengthening their relationships with cooperating partners and informing them about the company s plans and expectations. In the first step a potential supplier should contact purchasing department of Denso Manufacturing Hungary Kft. Candidate company should send an , in which it introduces its activities, products, references, certificates and financial situation. Contact person in purchasing department of Denso Manufacturing Hungary Kft. is Mr. József Vékony (Phone: , [email protected]). DENSO Manufacturing Hungary Kft. cooperates with suppliers from all over the world. Major Hungarian partners of the company are: RÁBA Automotive Holding Plc., Győr; Szövin Kft., Székesfehérvár; Videoton Zrt., Székesfehérvár (electrical and plastic moduls); Transmoduls Kft., Veszprém. 15

16 Company Harman/Becker Automotive Systems Kft. 19 Holland fasor 8000 Székesfehérvár Phone Fax Website n/a Founded 1994 Number of employees 1,320 (2013) Turnover EUR million (2013) Harman/Becker Automotive Systems Kft. belongs to the US-based group Harman International. The company manufactures electroacoustic components and finished products for automotive industry. At the time of its foundation, in 1994, the factory in Székesfehérvár was only a small supplier site. However, as a result of enormous Production/ development it became the largest production plant of Harman International, which Plant location/ currently employs 10% of all people working in the group. The company is a partner of Main clients many automotive manufacturers, e.g.: BMW, Audi, Mercedes, Ford, Volvo, Jaguar, Land Rover, Maserati and Ferrari. The production plant of Harman/Becker Automotive Systems Kft. is located in Székesfehérvár, 65 kilometer from Budapest in southwest direction. Competence Decision making way Network of cooperation partners Since 1994, Harman/Becker Automotive Systems Kft. produces loudspeakers, loudspeaker systems and microphones for the automotive industry. These products belong to the acoustic business line of the company. At the end of 2006 its activity was enlarged by introduction of the electronics business line. Electronic modules and finished products are components of car navigation and infotainment systems. Harman/Becker Automotive Systems Kft. works mainly in indirect procurement system, which means that spare parts that are necessary for the company s production are transported from the regional center of Harman International located in Germany. The enterprise constantly looks for new suppliers. Based on the basic principle of its purchasing policy, companies, which are involved in the circle of its suppliers, have to deliver products of the highest quality. Suppliers of Harman International should also meet its requirements regarding important economic and environmental factors. Application of potential suppliers should be send to the company via the following link: US/ContactUs/Pages/Partners%20and%20Suppliers.aspx A short presentation material should contain the supplier s competencies, quality certificates, references and turnover data. The enterprise has a wide network of international and local suppliers. One of the most important Hungarian partners of the company is Simon Műanyag Feldolgozó Fémtömegcikk Gyártó Kft., Szabadbattyán, which provides Harman/Becker Automotive Systems Kft. with plastic spare parts. 16

17 Company Delphi Hungary Kft. 29/A. Zanati u Szombathely Phone Fax Website n/a Founded 1990 Number of employees 3,400 (2013) Turnover EUR million (2013) Production/ Plant location/ Main clients Competence Decision making way Network of cooperation partners Delphi Automotive is a leading supplier of electronic components and technologies for the automotive industry. The company operates 126 manufacturing sites and 15 technical centers in 33 countries. Besides Hungary it has several subsidiaries in other European countries: Great Britain, Germany, Czech Republic, Romania, Luxembourg and Austria. In Hungary there are four Delphi factories: two production plants in Szombathely, one in Balassagyarmat and one in Tatabanya. The majority of products manufactured by Delphi Hungary Kft. is exported to Germany and Italy. Its main customers are the European largest vehicle suppliers and automotive companies. In Szombathely, the company manufactures: housings for central electric, fuse and relay boxes, switch assemblies, bussed electrical centers (BEC), electronics and safety components, diesel control modules, heating, ventilation, and air conditioning elements (HVAC) control modules and front distribution units (FDU). Production program of the factory in Balassagyarmat covers heat unit spare parts as well as air- and gas compressors. Furthermore, automotive connection elements are manufactured in Tatabánya. Delphi Hungary Kft. has a direct purchasing system. This system determines the company s relationships with its suppliers. Based on the information from Delphi s website ( in order to obtain the supplier status the interested companies have to contact Global Supply Management Department. Detailed information for potential suppliers is also available under the following link: /journal_content/56_instance_wrev/107627/114800#guidelines Every production plant of Delphi Hungary Kft. possesses TS (quality) and ISO (environmental) certificates. Accordingly, the company expects its suppliers to own these certificates. Nearly one-fifth of suppliers of Delphi Hungary Kft. are local enterprises. These Hungarian suppliers are in contact with the group's regional headquarters in Wuppertal, Germany. The most significant local partners of the company are: Csaba Metál Öntödei Zrt., Békéscsaba (electronic control units, electric housings, aluminum high pressure die castings), Videoton Zrt., Székesfehérvár (electronic and plastic modules), Technoplast Ltd., Felsőzsolca (electronic and metal modules). Delphi Hungary Kft. cooperates also with numerous suppliers from all over the world. 17

18 Company BorgWarner Turbo Systems Kft. 111 Táncsics Mihály u Oroszlány Phone Fax Website n/a Founded 2000 Number of employees 628 (2013) Turnover EUR million (2013) Production/ Plant location/ Main clients Competence Decision making way Network of cooperation partners The US-based company BorgWarner operates in 19 countries around the world. The Hungarian subsidiary is located in Oroszlány, about 65 km from Budapest. BorgWarner Turbo Systems Kft. is the group's second-largest turbocharger factory. It employs nearly 10% of all workers of BorgWarner in the world. In 2013, another Hungarian factory of the group (located in Szentlőrinckáta) was closed and the production moved to Oroszlány. The production plant in Szentlőrinckáta manufactured turbochargers as well as clutch and exhaust components. The company is a supplier of various car and truck manufacturers, e.g.: Volkswagen Group, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA and MAN. The most important technologies used in the production plant of BorgWarner Turbo Systems Kft. are casting, machining and assembly. The company started to create research & development department, which will gradually replace the currently running one in Germany. All subsidiaries of BorgWarner follow direct procurement policy that is controlled and managed by the corporate headquarters. The purchasing staff from the group s subsidiaries orders the necessary parts from suppliers audited by the headquarters. BorgWarner constantly strives to expand the network of its suppliers and looks for companies with advanced production technology. Information about the company s procurement policy is available under the following link: Potential partners have to indicate their willingness to become a supplier of BorgWarner by filling in the following questionnaire: Received questionnaires are evaluated in line with company s protocol and in case of its interest BorgWarner informs potential suppliers about the steps to follow. BorgWarner Turbo Systems Kft. cooperates with suppliers from all over the world. Two major Hungarian partners of the company are: Borsod Műhely Kft., Győr (machined parts) and Vescast Hungary Ltd., Oroszlány (exhaust components). 18

19 Company Smr Automotive Mirror Technology Hungary Bt. 35 Szabadság u Mosonszolnok Phone Fax Website [email protected] Founded 1993 Number of employees 1,705 (2013) Turnover EUR million (2013) The Hungarian subsidiary of the Indian group SMR manufactures external and interior rearview mirrors and blinkers. Smr Automotive Mirror Technology Hungary Bt. was founded in Currently, the company has two production plants in Hungary, in Mosonszolnok and in Mosonmagyaróvár. These factories are located close to the Austrian and Slovakian borders and have excellent transport links via M1 and M15 Production/ motorways. Furthermore, Smr Automotive Mirror Technology Hungary Bt. has a test Plant location/ laboratory in Győr and a logistics center in Hegyeshalom (at the Austrian-Hungarian Main clients border). Main customers of the company are: Volkswagen Group, Kia, Hyundai, Opel, Suzuki, BMW, Mercedes and Porsche. The production of Porsche mirrors started in 2013 on the basis of the technological plans of the Hungarian engineers employed in Smr Automotive Mirror Technology Hungary Bt. During the last 22 years the company manufactured nearly 10 million mirrors. Competence Decision making way Network of cooperation partners Starting from a green field investment Smr Automotive Mirror Technology Hungary Bt. became a fast growing innovative company. It was possible due to the continuous and quick development. Currently, the turnover of the Hungarian subsidiary amounts to 25% of the total turnover of SMR Group. The company plans also its further expansion. Recently, it opened its own research & development center. Purchasing department of Smr Automotive Mirror Technology Hungary Bt. is divided into smaller units, accordingly to the type of spare parts, which are bought. Contact person and head of the department is Mr. Peter Pázmándi ( [email protected]). In the first step a potential supplier should send a company presentation to Mr. Pázmándi. This material should include the company's profile, information about main products of the company, description of materials used in the production processes, the company's quality certificates (the most important is the existence of TS certificate), economic and HR data as well as references from automotive companies. Smr Automotive Mirror Technology Hungary Bt. has about 200 suppliers, 130 foreign and 70 Hungarian companies. Raw materials (plastic, glass etc.) are purchased almost entirely from large foreign producers, e.g.: DuPont, PPGF, Akzo, DBC, Woerwag and others. An example of the Hungarian supplier is Mitutoyo Hungária Kft. The company very often involves its suppliers in the development projects. 19

20 2.3. ASSOCIATIONS/ORGANISATIONS/FAIR Magyar Járműalkatrészgyártók Országos Szövetsége (MAJOSZ) /Association of Hungarian Automotive Component Manufacturers MAJOSZ association is a representative organization of the automotive component manufacturers operating in Hungary. Its mission is to assist the enterprises in the development of their competitiveness and in the expansion of their international relations. MAJOSZ maintains relationships with partner associations in about 60 countries. The number of its members exceeds 200 companies. Magyar Gépjárműipari Egyesület / Association of the Hungarian Automotive Industry (AHAI) The association associates 37 most significant companies of the automotive industry in Hungary including Audi, Daimler, Opel and Suzuki, 26 large Tier1 and Tier2 automotive companies and 7 service companies, whose business is strongly linked to the automotive industry. The mission of the association is to provide a framework for the cooperation of economic and professional organizations involved in the automotive industry in Hungary. Magyar Buszgyártók Szövetsége /Association of Hungarian Bus Manufacturers The association represents interests of companies manufacturing either complete buses or chassis and bodies of buses. Association of Hungarian Bus Manufacturers has currently 20 members. Informatikai, Távközlési és Elektronikai Vállalkozások Szövetsége / ICT Association of Hungary The association is the largest Hungarian organization of companies representing information and communication technology sector. Pannon Autóipari Klaszter / Pannon Automotive Cluster Pannon Automotive Cluster is an innovative cooperation network of enterprises and organizations involved in the automotive industry. It is based on mutual advantages and is organized on a voluntary basis. The cluster has currently about 100 members. Magyar Járműfejlesztési Klaszter / Hungarian Vehicle Engineering Cluster (HVEC) HVEC coordinates activities of the Hungarian engineering companies operating in the field of vehicle or vehicle part development. HVEC intends to assist them by joint marketing operations in targeted countries, supports the know-how transfer among employees and runs a knowledge database for its members. Nyugat-Pannon Járműipari és Mechatronikai Központ /West Pannon Automotive and Mechatronics Centre The aim of West Pannon Automotive and Mechatronics Centre is to contribute to the formation of an attractive economic and social environment for automotive and mechanical engineering companies. AUTOMOTIVE Hungary The exhibition of various automotive products related to domestic automakers, component manufacturers and vehicle-related industry players in the automotive industry. The last edition of the trade fair in 2014 was attended by 130 exhibitors. 20

21 Auto, Motor & Tuning Show (AMTS) The exhibition for products like motorcycle parts and accessories, automobile and motorcycle clothing as well tuning based products and services associated with the automotive industry. Auto, Motor & Tuning Show hosts numerous indoor and outdoor expositions and motorsport events. 21

22 3. MEM industry in general MEM sector plays an important role in the Hungarian industrial production. In 2014, the share of MEM industries, including manufacturing of transport equipment in total manufacturing output of Hungary amounted to 60.5%. The share of the MEM industries, excluding production of transport equipment, amounted to 33.1%. MEM sector plays a substantial role in the country s exports. In Hungary there are around 15-16,000 enterprises operating in MEM industries. The majority of them are small companies employing less than five persons. Table 5 Production of MEM industries in Hungary, , million Denomination /2012, (2012=100%) Manufacturing of basic metals and fabricated metal 5,531 5,445 5, products Manufacturing of computers, electrical and optical 11,103 9,374 8, equipment Manufacturing of electrical machinery 3,090 3,134 3, Manufacturing of machinery and equipment 6,093 5,934 6, Manufacturing of transport equipment 15,370 18,191 21, Installation and repair of industrial machinery, 2,001 2,022 2, ,4 equipment MEM total 43,188 44,100 47, Manufacturing total ,307 78, MEM/manufacturing, % Sources: Hungarian Central Statistical Office The largest MEM industry is manufacturing of transport equipment. Between 2012 and 2014, its value increased by more than 40%. As a consequence the share of this segment in the whole MEM sector rose from 35.6% to 45.3%. The significant growth in production of transport equipment was achieved mainly due to the large investments in the automotive industry. Manufacturing of computers, electrical and optical equipment remained the second largest segment of the Hungarian MEM sector, although its value fell by more than 20% since Other important industries like manufacturing of machinery and equipment as well as manufacturing of basic metals and fabricated metal products remained quite stable in the last years. In 2014, the total export value generated by the Hungarian MEM sector amounted to almost EUR 41.6 billion. It is noticeable that the rate of export is very high in MEM industries in Hungary. In 2014, it achieved a level of 87.2% in the whole sector. Moreover, the ratio of export per production was above 90% in two largest MEM segments, namely in manufacturing of transport equipment and in manufacturing of computers, electrical and optical equipment. The lowest share of export per production was registered in 2014 in manufacturing of basic metals and fabricated metal products (61.1%) as well as in installation and repair of industrial machinery and equipment (64.3%). 22

23 Table 6 Export of Hungarian MEM industries, 2014 Denomination Exports in 2014 (million EUR) Share of exports in production (%) Manufacturing of basic metals and fabricated metal products 3, Manufacturing of computers, electrical and optical equipment 8, Manufacturing of electrical machinery 2, Manufacturing of machinery and equipment 5, Manufacturing of transport equipment 20, Installation and repair of industrial machinery, equipment 1, MEM total 41, Sources: Hungarian Central Statistical Office According to preliminary data, in 2014 the role of the vehicle industry (including manufacturing of cars and car parts) has continued to grow. It is worth mentioning that recently the railway vehicle producers Stadler AG and Hungarian State Railways have restarted their production. The role of electronics industry (manufacturing of computers, electrical and optical equipment) in Hungary has diminished in the last years. The decline between 2012 and 2014 was i.a. a result of the closure of Nokia mobile phone manufacturing plant in Komarom. In 2013, the largest companies in electronics industry operating in Hungary were Samsung Electronics Co. (revenues: EUR 2.3 billion), Flextronics International Ltd. (EUR 1.6 billion) and PCE Paragon Solutions (EUR 1.2 billion). The largest local company, Videoton, formerly big producer of television sets, manufactures currently electronic parts and components, i.a. for Philips. Its annual turnover in 2013 amounted to EUR 382 million. A new player in this industry is Huawey Technologies Hungary Ltd., which specializes in assembly of mobile phones and tablets. The value of production of machinery and equipment remained stable in recent years. The largest company in this industry operating in Hungary is General Electric CEE Holding Ltd. producing mainly turbines. The turnover of General Electric CEE Holding Ltd. accounted for EUR 5.7 billion in Currently, it is the third largest company in Hungary. Other important manufacturers in this segment are: the Danish-owned company Grundfos Pumps Ltd (revenues: EUR 432 million), Claas Hungaria (EUR million), Hauni Hungária (EUR million), Trash Robotics Ltd. (EUR million) and FAG Hungary Kft. (EUR million). The metalworking industry (manufacturing of basic metals and fabricated metal products) showed a growth of 4.2% between 2012 and The largest companies in this field are producers of aluminium constructions and components: Alcoa Köfém Ltd. (revenues: EUR million), Sapa Profiles (EUR million) and Nemak Győr (EUR million). Manufacturing of electrical machinery is one of the minor MEM industries in Hungary. Its growth in 2014 was lower than the average growth of the Hungarian MEM sector. Main players in this area are: Electrolux Refrigerator Factory Ltd. (revenues: EUR million), Prysmian MKM Hungarian Cable Works Ltd. (EUR million) and Günter Tata Refrigeration Ltd. (EUR million). The revenue of installation and repair of industrial machinery and equipment is the sub-sector of MEM industry and with less than 5% share in the whole sector. This business area is dominated by local Hungarian companies including small engineering enterprises, which are often specialized in installation and repair of certain machine types. The government supports the investments of industrial companies considering entering the Hungarian market. The level of support depends on the project size, location and number of employees. Moreover the government encourages existing investors to extend their investments. There are more than 40 strategic cooperation agreements sign between the Hungarian government and the largest foreign investors, including such companies like Mercedes, Opel, Audi, Suzuki, Siemens, Bosch, Knorr-Bremse, Ericsson, Nemak and Jabil. 23

24 MEM is the fastest growing industry sector in Hungary. It includes both large multinational companies and numerous small and medium local enterprises. There are various business opportunities for foreign companies, including sales of hightech products and providing advanced services, especially in such sectors like plastics industry, packaging industry, textile and food processing equipment manufacturing. The role of Swiss companies is still rather moderate; however, the current situation should encourage Swiss manufacturers to increase their presence on the Hungarian market. Especially companies, which are able to offer niche, innovative products and tailor-made solutions, can benefit from the positive developments in the sector. Import statistics presented in the table below show that Germany is a leading supplier of tools and machines to Hungary. Table 7 Import value of selected categories of products related with MEM industry to Hungary in 2013, million CN Declaration Germany China USA Switzerland 8459 Tools for drilling, boring, milling, threading or taping Tools for deburring, sharpening, grinding, honing, lapping, polishing etc Tools for working in the hand, pneumatic, hydraulic etc Source: Eurostat Another focus area in Hungary during the upcoming years will also be the energy sector. The government's strategic aim is to supply the population and the industry with cost-efficient energy. In this spirit a loan agreement has been sign with the Russian government to expand the existing Paks Nuclear Power Plant with two new reactors. The nuclear Power Plant will be built by the Russian Rossatom. The contract is criticized by the opposition parties and will be run under the supervision of the EU. It can be expected that Western European and American energy companies will also take part in the development of the Hungarian energy sector. At the same time there is a strong pressure to increase the use the energy from renewable sources which has slowed down in recent years in Hungary. Furthermore, it is worth to mention that EU supports the linking of energy systems of Eastern European countries. This concept was implemented when the Hungarian and Slovak gas networks have been connected. Similar constructions of interconnectors are expected in the direction of Croatia and Slovenia. 24

25 3.1. ASSOCIATIONS/ORGANISATIONS/FAIR Magyar Iparszövetség / Hungarian Industrial Association (OKISZ) The Hungarian Industrial Association is a national social organization of employers voluntarily formed by its member associations in order to represent and protect social and economic interests of its members. It consists of 22 territorial and professional member organizations and 2 associated professional business federations. The economic organizations belonging to the scope of interest of the Hungarian Industrial Association, which are more than 1000, are important participants of the national economy. They are mostly in the category of the small and medium enterprises, but there are so-called microenterprises, cooperatives of new type and larger organizations producing significant production value and having significant role in the international market, as well. Gépipari Tudományos Egyesület / Scientific Society for Mechanical Engineering (GTE) GTE is a non-profit making professional scientific society, based on social contribution. The professional activity is effected by divisions (e.g. vehicle division) organized according to special technical fields. The divisions of the Society promote free exchange of views among professionals and dissemination of the latest developments by organizing professional meetings, discussions, and vocational training courses. The Society offers technical expert services and protects the interests of its members. Csomagolási és Anyagmozgatási Országos Szövetség / Hungarian Association of Packaging and Materials Handling (CSAOSZ) The Hungarian Association of Packaging and Materials Handling was voluntary founded as social organization by manufacturers, distributors and significant user enterprises in the fields of packaging and materials handling. The association organizes and integrates the manufacturers, distributors and users of packaging materials, machines, as well as the enterprises on packaging and materials handling. It maintains relations with international partners and represents its members in the national and international associations, e.g. in World Packaging Organization and in Federation of European Aerosol Associations. INDUSTRY DAYS (MACH-TECH), HUNGEXPO Budapest Fair Center International Trade Exhibition for Machine Manufacturing and Welding Technology. The exhibition is divided into several sections: Industriautomation (industrial electronics, electrical engineering, automation), Energexpo (energetics), Flluidtech (fluid technics, pneumatics, hydraulics, pumps, compressors, sealing technology), Subcon (supply industry, metal processing), Chemtech (chemical industry, plastic industry, rubber manufacturing industry), Secutech-Vedtech (safety at work, fire protection, security technology), 3D Printing, Logexpo (industrial logistics) and Industrial Environmental Protection. 25

26 ExportHelp s-ge.com/exporthelp T Switzerland Global Enterprise Stampfenbachstrasse 85 CH-8006 Zürich T Switzerland Global Enterprise Corso Elvezia 16 CP 5399 CH-6901 Lugano T Switzerland Global Enterprise Avenue d Ouchy 47 CP 315 CH-1001 Lausanne T s-ge.com