The present foundry MAGYARMET has been founded by MMG Automation Works in 1981 and furnished with update production equipment and technology. Through steady technical development, active marketing and their joint interaction many contacts to new clients in Western Europe were developed; so the foundry was successful beyond the boundaries of the parent company. In 1993 the German alloy-steel-group Schmidt+Clemens (S+C) took over the company. Thus the foundry got a wider access to the markets, while S+C closed the first one of its two precision foundries, later also the second one, and transferred the entire investment casting production to Hungary. The managing director of the foundry, Imre Győri, metallurgist, who was with MMG already at the time of construction of the foundry, raised later with his leadership MAGYARMET to a level, enabling the worldwide supply of products with excellent quality. After 10 years of cooperation within the S+C group the Hungarian management of the investment foundry took over ownership on the company and accelerated investments, technical development and market acquisitions to a remarkable level.