SMR inaugurates HUF 7 bln car mirror plant in Hungary
Indian-owned SMR on Tuesday inaugurated a HUF 7 billion car mirror plant in Mosonmagyaróvár (NW Hungary).
The new plant will employ 250 people to make 7 million rear-view mirrors a year.
SMR was awarded a HUF 1.4 billion state subsidy for the plant.
The 15,000sqm plant will supply mirrors for Mercedes and BMW, among other partners, said SMR Magyarország factory director Pál Levente Tibori. Development engineers will also work at the plant, designing mirrors for different European carmakers, he added.
SMR has operated a mirror factory in nearby Mosonszolnok since 2009. From 2012, SMR's plants in Hungary will turn out more than 14m mirrors.
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.