The company’s research and training base was set up in a HUF 154 million investment in northern Hungary’s Telki, HUF 47 million of which came from EU funding. The main purpose is to further develop Organica’s own sewage treatment technology so it will be able to better purify water of substances like hormones, chemicals or pharmaceutical agents, chief technical officer and co-founder of the company István Kenyeres told reporters.
Organica’s solution involves an environmentally-friendly sewage treatment method, basically a treatment plant that appears to be a greenhouse, where water is purified using natural methods. The structures are closed, so they do not produce the smell typical of traditional treatment plants.
The company had a turnover of approximately HUF 300 million in 2010 but it has also decided on a capital raise to cover the costs of expansion. “We have been more busy spending money over the past two years,” Kenyeres said.
The company has set up offices France, Singapore, the United States and is planning a project in Russia. It is also heavily interested in India, where water infrastructure is developing at a drastic pace. As Kenyeres noted, the construction of some 100 new purifying stations is started there every month.
Organica is also looking to reaffirm its position in Hungary, something the company has neglected recently as it focused on its foreign markets. Accordingly, it will take part in a HUF 670 million development, following a tender to upgrade the Dél Pest sewage treatment complex in Budapest.
For the future Organica is optimistic given global trends in investments. “Until 2020, some $600-800 billion will be spent on developing water infrastructure, almost double the amount to be spent on IT,” Kenyeres said. This will in large part be fueled by developments in countries that have areas with no proper infrastructure for the time being, namely Organica’s target markets.
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