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Robolution to build HUF 100 mln lab, office in Paks

Hungarian robot-integrator company Robolution Kft will build a nearly HUF 100 million, 750-square-meter experimental laboratory and office building in the Paks Industrial Park in central Hungary, company CEO Tibor Kasó said on Tuesday.

Kasó said the company, which designs, builds and installs robotic cells, will receive HUF 23.5 million in European Union funding for the investment.

Kasó and Robolution co-founder Andor Juhász previously worked on installation of security systems at the Paks Nuclear Power Plant.

Robolution expects this year to substantially exceed the company's 15% rise in yr/yr revenue recorded in 2010.