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Hungarian machinery maker Gép és Gépelem is working on a HUF 110 million project to develop and make parabolic solar collectors, managing director Gábor Farkas told MTI.
The documentation for the production of the solar collectors should be ready by the summer of 2013, Farkas said.
The company won a HUF 50 million European Union grant for the project.
Gép es Gépelem has annual revenue of about HUF 200 million.