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NEW MGM Co.Ltd.
Historical Retrospection
About Us
/
History
Summary
| Year | Information |
|---|---|
| 1950 | Foundation of the "National Company for the Repair of Bearings" in Diósd |
| 1952 | Foundation of the "Rolling Bearing Factory" in Debrecen mainly for the manufacturing of ball bearings of brand name "GD" |
| 1952 | Foundation of the "Diósd Bearing Factory" in the place of the "National Company for the Repair of Bearings" specifically for the production of tapered roller bearings of brand name DCS |
| 1963 | Foundation of the "Hungarian Bearing Works" (MGM) by merging the two factories with the head office in Debrecen. The brand name became MGM Radax |
| 1973-1979 | Execution of the reconstruction of the whole company with the aim of modernizing the products, widening the product range, raising production capacities and improving efficiency at both of the plants |
| 1993 | Transformation of the company to a state owned share holding company |
| 1996 | Privatization of the company by DAEWOO Corp./Korea changing the brand name simultaneously to DAEWOO MGM |
| 2001 | Beginning of the rationalization recenly in the interest of improving quality and increasing efficiency. During this time the main activities were concentrated at the Diósd plant and the management of the company settled in Diósd. |
| 2003 | In July, Hanwha Machinery Co., Ltd./Korea became the Main Shareholder of the Company. |
| 2004 | Connected with the change of structure of shareholders the company's name and brand name were changed to MGM Co.Ltd. and a completly new logo was introduced. |
| 2007 | From lst of June 2007, the Diósd factory was sold out. Because of that reason the ownership has been changed as well. The new owners were RULMENTI S.A. Barlad and Turkish shareholders. The new name of the company became New MGM Co.Ltd. |