First phase of Samvardhana Motherson plant in Kecskemét to cost HUF 30 bln
Indian automotive industry supplier Samvardhana Motherson Group (SMG) will spend HUF 30 bln on the first phase of the construction of a plant in Kecskemét, central Hungary, project manager Péter Takács said yesterday, according to Hungarian news agency MTI.
The company will build the plant on a 100,000 sqm plot next to Daimlerʼs base in Kecskemét by 2017. It will supply bumpers for Mercedes models from 2018. The plant will employ 400-500 people. SMG said in April that the order would be worth around €2.2 bln over its lifetime.
SMG has been present in Hungary since 2009. It makes rearview mirrors at a plant in Mosonszolnok, has a logistics base in Hegyeshalom, and a second plant in Mosonmagyaróvár, all in the west of the country. SMG employs 1,600 people in Hungary.
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.