Muszertechnika Holding Rt, which claims to be the largest manufacturer, distributor and retailer of IBM-compatible personal computers in Hungary, reported a group turnover of $39m for 1992 – up from an estimated $30m in 1991. Post-tax profits amounted to $500,000. The company’s computer-related business is carried out through a subsidiary, MT Computer Rt, in which IBM Corp took a minority stake in April 1992. MT Computer Rt in turn, owns sales operations in Poland, Albania, Romania, the Czech and Slovak Republics and some former-Jugoslav Republics via its wholly-owned subsidiary Procom. Muszertechnika recently swtiched its MT and Procomp branded personal computer assembly operation from Budapest to subcontractors in Singapore. Muszertechnika is also the sole distributor Fujitsu Ltd’s printer and disk drive products in Hungary. In a statement, it attributes its market position to ‘skilful blend of off-shore financing, outsourcing of components from the far-East, exploitation of tax and tariff arrangements and co-operation with major Western partners’.
