Indian-based SMR develops in Túrkeve once again

Péter Szijjártó, Minister of Foreign Affairs and Trade

Samvardhana Motherson Reflectec (SMR), member of Samvardhana Motherson Group (SMG) starts 2 projects in Túrkeve. A project worth EUR 10 million covers a new 12,000 square-metres manufacturing hall for rear-view mirrors, creating 315 new jobs, while another EUR 16 million development is to expand the bumper part manufacturing capacity, with 74 new jobs.

Pál-Levente Tibori, Vice President for Eastern Europe and Germany, SMR

Established in 1975, the Samvardhana Motherson Group (SMG) is a global automotive supplier. Its business portfolio covers a wide range of products worldwide for all major carmakers: driving cabs, bumper covers, rear-view mirrors, camera systems, lighting systems, interior and exterior upholstery, cable systems, air conditioning systems and all-terrain driving cabs. In addition, the SMG also provides a full range of IT and design engineering services to various industrial segments. The SMG is one of the world's 30 largest automotive suppliers, employing more than 100,000 people in 33 countries on five continents. The Group generated a sales revenue of USD 9.1 billion in the 2016/17 business year.

As a member of the SMG, SMR Hungary has developed to one of the world's largest rear-view mirror manufacturers in the world, delivering more than 8 million sets of external mirrors a year to, among other carmakers, Audi, BMW, Mercedes-Benz, Opel, Porsche, Kia, Ford and Jaguar-Land Rover. It employs nearly 2,500 employees at its Mosonszolnok, Mosonmagyaróvár and Túrkeve Factories and Hegyeshalom Logistics Centre in the areas of management, administration, engineering, production and logistics. It generated a sales revenue of EUR 403 million in the 2016/17 business year.

After an expansion announced in October 2016, SMR Hungary develops its Túrkeve unit once again, where a 12,000-square metre rear-view mirror manufacturing plant will be constructed. As a result of the 10 million euro project, 315 new jobs will be created by the end of 2018. Simultaneously, another development has also started in Túrkeve, which includes the implementation of the manufacture of plastic bumper elements by one of the subsidiaries of the SMR under an EUR 16 million project, creating 74 new jobs. The Hungarian Government has provided a subsidy based on individual government decision to both projects, through the Hungarian Investment Promotion Agency (HIPA).