Government, SMR Hungary sign ‘strategic agreement’
The Hungarian government and Indian automotive supplier Samvardhana Motherson Reflectec (SMR) signed a “strategic cooperation agreement” yesterday in Budapest, Hungarian news agency MTI reported.
The Hungarian subsidiary of SMR, which has plants in Mosonszolnok and Mosonmagyaróvár, northwestern Hungary, specializes in manufacturing rear-view mirrors and has a total headcount of 1,525 in the county, MTI said.
Pál Levente Tibori, vice-president of the companyʼs Eastern European and German segment, said they are proud of the agreement, which is a clear sign that the Hungarian government recognizes the good performance of the two plants, MTI added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.