Szelepkutató Fejlesztési spends HUF 537 mln to develop new valves

Telco

Hungarian valve manufacturer Szelepkutató Fejlesztési, will spend HUF 537 mln on the development of a new line of cost-efficient products, the company told Hungarian news agency MTI.

The firm’s R&D project is being realized with the support of a HUF 220 mln European Union grant, and is expected to be completed in the second half of 2016.

The new products include a next generation safety valve, a programmable plunger valve, a multifunctional valve for lavatories and an automated faucet, the company said.

The company saw a revenue of HUF 44 mln last year and has a headcount of ten, MTI said.

Last Gábor Baross Scheme Top-up Contracts Signed  Figures

Last Gábor Baross Scheme Top-up Contracts Signed 

Hungary Ready to Act as Intermediary With Russia - Szijjártó Int’l Relations

Hungary Ready to Act as Intermediary With Russia - Szijjártó

Continental Veszprém Plant Manager Looks to Transform Challe... Interview

Continental Veszprém Plant Manager Looks to Transform Challe...

Summer Camp Prices Have Increased 10-15% Tourism

Summer Camp Prices Have Increased 10-15%

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.