Samvardhana Motherson begins HUF 31 bln plant construction in Hungary
website
Samvardhana Motherson Group, an Indian automotive industry supplier, laid the cornerstone on Friday for a HUF 31 billion plant in Kecskemét, central Hungary, national news agency MTI reported.
(Photo: The official website of Samvardhana Motherson)
The plant, which will produce car bumpers, was supported with a HUF 7.7 bln government grant. The government has declared the project to be of primary importance for the national economy, MTI said. The factory, which is being built on a 94,000 sqm plot, is expected to employ approximately 450 people.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
