PRESS RELEASE

The technological development project (EDOP-2.1.1-08/C-2008-0030) of Modine Hungaria Kft.

The project titled "Technological development at Modine Hungaria Kft." was implemented within the framework of programme no. GOP-2.1.1-08/C-2008-0030, with the support of the European Union. Our company has won a support in an amount of HUF 471,623,004 (EUR 1.54 million) in the tender titled "Economic Development Operational Programme - Complex Enterprise Technology Development in the Disadvantaged Micro-Regions".

As a result of the development, the following machine purchases were realized:

2 pieces of AUTOMATIC LAMELLA PRODUCTION MACHINES;

1 piece of FURNACE;

1 piece of Furnace cooling tower; 1 piece of Furnace stack holder;

3 pieces of Machining centres; 1 piece of Roll washer;

1 piece of OPTICAL CONTROL EQUIPMENT;

1 piece of HELIUM TIGHTNESS TESTER;

1 piece of CMT WELDING CELL; 1 piece of TIG WELDING CELL;

1 piece of PIPE BINDER MANUFACTURING MACHINE;

In addition to the above, to ensure the supply of these machines, a new transformer station and the related infrastructure was constructed, as well. Furthermore, during the project, the procurement of IT tools and corporate HR development also took place.

The essence of the project was to increase capacity and the production volume of our existing products. During the selection of technologies and machines, we strived to purchase only environmentally friendly and cost-efficient equipment of the best quality. The project has met all the previous expectations.

Project implementation period: 01.09.2008-31.08.2011 Sustainabiltiy period of the project: 20.09.2012-19.09.2017 Project ID: GOP-2.1.1-08/C-2008-0030

The accounted total cost of the project was: HUF 1,425,453,314,- HUF (EUR 4.66 million) Amount of the subsidy received: HUF 471,623,004,- HUF (EUR 1.54 million)

Intensity of the subsidy: 33.09%

Further information can be requested at: Zoltán Dienes

Assistant Controller Modine Hungaria Kft.

H-3400 Mezõkövesd, Lövõi út 35. Tel: +0036 49/506-201

z.dienes@eu.modine.com

Modine Manufacturing Company published this content on 04 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 August 2017 16:34:42 UTC.

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