Saturday , May 28 2022

The admission of foreign units to the Tungsram group was closed



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The announcement recalls that General Electric (GE) announced in February that it will sell its businesses in Europe, the Middle East, Africa and Turkey, as well as the world-wide automotive lighting sector for the Tunsgram Group, led by GE Jörg Bauer, the former head of GE.

As a first step in the sale, the Tungsram Group acquired Tungsram Operations Ltd. on April 3, including GE's Hungarian units along with assets and contracts.

Following the takeover of Hungarian units, international units joined several stages, creating a new branch in most countries.

In the statement, Tungsram now sells lighting products for buildings and the public anywhere in the world outside North America and sells car lights anywhere in the world.

The business automobile lighting company at the Aapex fair in Las Vegas was announced in early November, the company said.

Jörg Bauer, chairman and CEO of Tungsram Group, said in a statement that Tungsram Group was established as a true multinational company in Hungary, launches sales network on more than 100 international markets and becomes an important technology company lighting and other fields.

At the April press conference, the group CEO announced that he is building a global company based on Hungarian technology in the field of lighting technology, strengthening the Tunsgram brand name and developing new products.

The Tunsram Group intends to achieve 90 billion-dollar incomes this year, the same as the revenue received last year, focusing on organizing the organization, especially on marketing and sales, as well as on innovation.

(MTI)

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