Generation Change with new management at TLW Ltd.

Dear Partners!

We would like to inform you about the significant changes in TLW Ltd.'s history. As you may have been informed in May 2017, Mr. Lajos Magyar bought out the ownership of Mr. Lajos Kelemen the general manager and co-owner of TLW Ltd., while celebrating the 25th anniversary of TLW Ltd. together.

In 2018, the generation change has finally concluded after a long-term detailed and precise takeover process supported by the colleagues, which was taking place between 2013 and 2017. As of 1 June 2018 Mrs. Katalin Magyar and Mr. Gábor Kiss are acting as general managers.

Our goal is to keep up our previously successful 25 years of history for another 25 years - at least - , with many innovations, professional rotating machine installation, maintenance and condition monitoring services, accredited diagnostic and material testing activities, and sales of Howden Group’s rotating machineries and their spare parts.

We are looking forward to continue our cooperation!

Budapest, 1 August 2018

With Best Regards:

Lajos Magyar *  Katalin Magyar  *  Gábor Kiss

owner * general manager * general manager

generation 1

generation 2

Mr. Gábor Kiss & Mrs. Katalin Magyar
new general managers of TLW Ltd.
They are working hard with TLW team on the next 25 years to come.

generation 3

Mr. Lajos Magyar
owner, ex-general manager
As of 1 June 2018, he handed over the management to the next generation

Head office

Address: H-1138 Budapest, Váci út 152-156.

Phone: +36 1 266 1725, 235 0214

Fax: +36 1 266 2115

E-mail: tlw@tlw.hu

Branch Office

Address: H-3581 Tiszaújváros, TVK Ipartelep Pf. 207

Phone: +36 49 522 186

Fax: +36 49 522 186

E-mail: kirendeltseg@tlw.hu