Zsolt Felcsuti

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Zsolt Felcsuti
Born1971
NationalityHungarian
EducationBudapest University of Economics[1]
OccupationMajor shareholder
MPF Industry Group
ChildrenGabor Felcsuti, Norbert Felcsuti

Zsolt Felcsuti (born 1971) is a Hungarian-born industrial investor and the major shareholder of the MPF Industry Group.[2] He is also Co-President of the [3] and the adviser of the Hungarian Minister for National Economy.[4] According to Forbes magazine, his corporation is the third biggest Hungarian-owned family business[5] and he is the with a net worth of 286.4 billion HUF (0.9 billion USD).[6]

Early life[]

Zsolt Felcsuti is the son of Csaba Felcsuti, who was an engineer and started the company which is now operated by his son. He studied economics at Budapest’s University of Economics.[1]

Career[]

After years of working in Switzerland as sales and marketing manager[7] Felcsuti came back to Hungary, to find business opportunities for his father’s small enterprise, which was specialized in the production of metal and plastic industry products.[1] According to Forbes Magazine, today this is the third biggest Hungarian owned family business,[5] with revenues of more than 800 million USD,[8][9] with investments in East-Central Europe[10] and in the Far East,[11] seated in Singapore.[10]

Felcsuti did not privatize any companies, but built a self-created business model based on the East-Central European and Far Eastern labor market and manufacturing sector. He owns one of the largest abrasive products manufacturing company in Europe[5] and East Central Europe’s biggest heating device factory.[12][13][14]

Family[]

Felcsuti is married with two sons.[15] According to Forbes Magazine the Felcsuti family is the third richest family in Hungary.[5]

References[]

  1. ^ a b c Corporate profile: MPF venture may be hard cell, Financial Times, 15 December 2006
  2. ^ "40th anniversary of the free trade agreement between Switzerland and the EU - Zsolt Felcsuti" (PDF). Economie suisse.
  3. ^ "Who is who? - Zsolt Felcsuti". Confederation of Hungarian Employers and Industrialists.
  4. ^ "Mihály Varga builds up his advisory board" (in Hungarian). Magyar Hírlap; MTI (Press Office of Hungary). 22 March 2013.
  5. ^ a b c d "3. The Felcsuti family's company empire of metal and plastic products". These are the Richest Hungarian Families. Daily News Hungary. 3 August 2015.
  6. ^ "50 leggazdagabb magyar - 2021". Forbes (in Hungarian).
  7. ^ "Zsolt Felcsuti". European Forum Alpbach.
  8. ^ "Consolidated balance sheets and income statements". MPF Holding - Financials. 31 December 2019.
  9. ^ "2013-12-31 "USD" - European Central Bank reference rates from 1999 to 2015". European Central Bank. 31 December 2013.
  10. ^ a b "index". MPF Holding.
  11. ^ "MPF Industry Group Business Report 2011" (PDF). MPF Holding.
  12. ^ "MPF Holding in talks to take over troubled FÉG". Budapest Business Journal and Absolut Media. 17 May 2011.
  13. ^ "FÉG takeover talks founder". Budapest Business Journal and Absolut Media. 18 May 2011.
  14. ^ Production to restart at troubled FEG Konvektorgyarto, Budapest Business Journal and Absolut Media, 15 August 2011
  15. ^ The Hungarian multinational (in Hungarian), Manager Magazin, 2011
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