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Official Website of the Indian Embassy of Budapest, Hungary

Press Conference: Expansion of SMR Automotive Mirror Technology Hungary Bt

 

Expansion of SMR Automotive Mirror Technology

 

SMR Automotive Mirror Technology Hungary Bt. announced the opening of its new production plant in Túrkeve, Hungary at a press conference held at the Office of Hungarian Investment Promotion Agency, on 25 August 2017.

 

H.E. Mr. Peter Szijjarto, Minister of Foreign Affairs and Trade, H.E. Mr. Sandor Fazekas, Minister of Agriculture, and Ambassador attended the ceremony to announce the new production plant. 

                  Ambassador Rahul Chhabra greeting H.E. Mr. Péter Szijjartó, Minister of Foreign Affairs and Trade and H.E. Mr. Sándor Fazekas, Minister of Agriculture at the press conference on the occasion of the expansion of SMR Automotive Mirror Technology Hungary Bt at the Hungarian Investment Promotion Agency in Budapest on 25 August 2017.         Ambassador Rahul Chhabra and H.E. Mr. Péter Szijjártó, Minister of Foreign Affairs and Trade at a press coference in Budapest


Mr. Pál Levente Tibori, Executive Vice President of SMR,  in his welcome address said that the new rearview mirror and bumper manufacturing plant would see an investment of Ft 8 billion [Euro 26.31 mn approx] and create 410 new jobs in the region.  


Ambassador Rahul Chhabra, (middle-right) Mr. Vijay Khanduja, Counsellor at the Embassy of India, (right) Mr. Pál-Levente Tibori, Regional Director of SMR (left) and Mr. Róbert Ésik, President of the Hungarian Investment Promotion Agency (middle-left)

SMR Hungary and the Hungarian Government has signed a strategic partnership agreement in 2015. Since then SMR has strengthened its presence on the Hungarian market with acquisitions and greenfield investments.