The Indian-based automotive supplier Samvardhana Motherson Peguform (SMP) has established a bumper manufacturing plant in Kecskemét, E Hungary, in an area of 96,000 square meters. The greenfield development is to create about 500 jobs.
The Hungarian government – in cooperation with the Hungarian Investment Promotion Agency (HIPA) – provided subsidy based on an individual government decision to SMP, for the development rated as a high-priority project for the national economy.
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