History of KMGY
Please find a short history of our company below.
Ferenc Marx started his workshop at 15th July, 1900 in Budapest.
Later
Emil Mérey joined as co-owner. Till 1920 the workshop
has
produced physical, chemical, and electro-technical equipment for
laboratory experiment. However recognizing the importance of
the use of electrification since 1920 the production of electric
instruments began.
In 1945 the factory moved to the same location, as it is, in Budapest
XIII. Bulcsú u. 5-7. at present. The number of workers increased to
150 heads. The main profile of the plant was the manufacturing of
flight instruments, but after 1957 new components, the vehicle
instrument production has become the most important field.
In 1964 three instrument factories united and established the Ganz
Instrument Work. In consequence of the technical development their
products, beyond the home sale, reached the export markets too.
The global market for automotive electric parts were forecast to grow
a high rate. In 1975 on the basis of a licence agreement with the
German VDO company as a result of this new investment, the
production rate were increased by the investment made in product
development, and the automated
equipment have proved very successful.
These years have been a challenge for the Company.
After the boom
season,
the change of the political and economical
system and the market recession have involved the necessity of
significant decrease in the number of the workforce. The reduction
rate were from 903 heads to 305 heads. Reorganization needed to
adjust the company's operations to the reduced levels of business.
The company was following the policy of retaining its skilled staff
and maintaining its expertise to ensure that, the factory will be in a position to benefit
fully as demand improves. The benefits of reorganisation have been resulted both in
the field of the
production and the operation of the factory. KMGY Co. has become an
independent factory - among few others - which survived the change
of the system.
Privatisation at the end of 1993 found the factory in bankrupts, the
financial state was instable. The new private owners have made limited
company by share. The owners instructed the general director to stabilize
the financial position of the factory by rigorously executed measures.
As a consequence of the strict financial policy, by the end of the year
1994, the factory repaid it's debt, which made possible the
significant development, and the financing of the products. As the result
of the long and cautious constructive work on the market, the management got back
its former customers, so the yearly turnover has increased. The new demand were
satisfied by quick development work, and consequently new customers and more and
more orders arrived to the factory.