SMR Automotive Mirror Technology Hungary, a Motherson Group company, has announced to implement a EUR 33.3 million investment in Hungary. The Indian automotive supplier’s development aims to expand production and logistics capacities and install automation at four different sites in the country.
A statement by the Hungarian Investment Promotion Agency says that Indian-owned Motherson Group has been present in Hungary since 1993 that has now decided to expand its local footprint. The automotive supplier will invest EUR 33.3 million to serve demand for rear view mirrors, bumpers and other auto parts to be generated by the future Hungarian operation of BMW and the extra capacities of Mercedes-Benz.
The development concerns four sites (Mosonszolnok, Mosonmagyaróvár, Túrkeve and Kecskemét). Apart from setting up a logistics center, a new production hall will be established, production lines will be installed and plastic injection molding capacities will be expanded. The timeline indicates completion by early 2025.
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