Project identification number: 2020-1.1.1-KKV-START-2021-00507
Project title: Development of New Expansion Joint Products for Industrial Duct Systems
Beneficiary name: FILTRADE Commercial and Service Ltd.
Total eligible costs of the project: HUF 31.285.410
Amount of contracted support: HUF 18.771.246
Support intensity: 60%
Presentation of the project content:
FILTRADE Ltd. has been awarded a non-refundable grant of HUF 18.77 million. Within the scope of the project, with a total budget of HUF 31.29 million, the following costs will be accounted for: equipment procurement (technical devices and machinery), procurement of raw materials (material costs), salary and related contributions (1 researcher and 2 technicians), and coordination necessary for the project’s implementation.
**Objective of the development project:** To develop a new product. Building upon our existing customer base, this new product will enable us to strengthen our market position and attract new customers. Our goal is to offer a competitive product through our own manufacturing under a recognized and reputable brand name, not only in Hungary but also in the wider regional market over the long term.
Planned project completion date: 28/02/2023.
