Clasman wins HUF 660 mln EU funding

Telco

Clasman.hu

Hungarian company Clasman has won European Union funding of almost HUF 662 million to develop multifunctional portable buildings, according to a report by Hungarian news agency MTI.

Work in progress at Clasmanʼs Dunaújváros site (photo: Clasman.hu)

The funding comprises a grant of HUF 412.06 mln and a refundable part of HUF 249.93 mln, Clasman said. The project will involve developing the production technology and prototype of a building based on container-sized modules, suitable for serial production. The aim is to create modular buildings that are cheaper and can be put together flexibly, mainly for law enforcement, disaster relief, military and healthcare purposes, the company said.

Clasman projects additional revenue of around HUF 3 bln from selling portable buildings in the first five years, mainly from export sales.

Clasman designs and makes pipe networks and steel structures and had revenue of HUF 707 mln in 2017.

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