“Constant innovation means we must anticipate emerging risks and adapt our risk management strategies proactively.”
János Gábriel, Finance and HR Manager, Mono Group
Mono Ipolyfabric Co. has been a valued partner of GrECo Hungary since 1999. What began with machinery insurance through a leasing process has grown into a comprehensive risk management relationship spanning over two decades. As Mono evolved from a small family-run factory into a global holding company, GrECo has been there every step of the way – adapting strategies to support the company’s growth, innovation, and resilience in a rapidly changing industry.
To reflect on this journey, Zoltán Mezős, Deputy Regional Manager at GrECo Hungary sat down with János Gábriel, Finance and HR Manager at Mono Group, to discuss the company’s evolution, its approach to risk, and its vision for the future.
Overcoming Challenges During Expansion
Mezős: As a relatively new business, what were the most significant challenges you encountered in your early years, and how did you overcome them?
Gábriel: The German market was a tough nut to crack. We had to buy a German company so we could sign partnership agreements with Audi, BMW, Mercedes-Benz and Porsche.
Mezős: How have advancements in automation and robotics fostered innovation at Mono Group and how do you see this evolving over time?
Gábriel: Our vibrant production halls are heavily automated, with robots busy performing all kinds of duties from painting to bending to shaping. The idea is to automate as much as possible and introduce new technologies all the time.
As our cars turn into our living rooms, the interior will be of even bigger importance. So, transition is a huge opportunity for us.
The Future of Risk
Mezős: What are your predictions for the future risk landscape in your industry, and how do you plan to stay resilient and innovative in the face of these challenges?
Gábriel: Our motto is: “What was good enough today will not be good tomorrow.” Every solution we come up with is designed to impact your sixth sense. Accordingly, the Research & Development department is constantly conceiving new concepts. This constant innovation means we must anticipate emerging risks and adapt our risk management strategies proactively. Over the past 26 years, we have been successfully doing this through our partnership with GrECo Hungary. GrECo has consistently provided tailored risk management solutions that have enabled Mono to grow with confidence. This partnership is built on trust, shared values, and a mutual commitment to innovation and excellence.
Congratulations to GrECo Group
Gábriel: As GrECo celebrates its centennial anniversary, we extend our heartfelt congratulations. A hundred years of expertise, consistency, and dedication are a remarkable achievement. We are proud to be part of this journey and look forward to continuing our collaboration in the years to come.
About Mono Group
Mono Group is a global manufacturer specialising in high-end car cockpit inserts and interior coatings for luxury vehicles. Founded as a small, family-based factory in Hungary, the company has grown into an international holding known for its innovation, precision, and commitment to quality. With a strong focus on automation and research-driven development, Mono Group continues to shape the future of automotive interiors while staying true to its entrepreneurial roots. This year, Mono will enter the European Le Mans Series with LMP3, in partnership with M Racing.
