SMR Subsidiary Expands Production in Hungary

Samvardhana Motherson Refletec (SMR), an Indian-based multinational rear-view mirror manufacturer has broken ground for a new 15 000 sqm production facility near the north-western Hungarian town of Mosonmagyaróvár.

The company (already employing 1000 people in another Hungarian facility) is planning to hire 250 workers in the first phase starting in 2011 to increase staff number to a total 400 in the forthcoming years. Hungary’s location is of strategic importance for SMR, which is a supplier of several European carmakers and their Hungarian subsidiaries. The new plant will be producing rear-view mirrors mainly for Daimler-Benz Hungary.    

News Monitoring