FHO Fémszer Fémipari Kft. based in Miskolc has received a government grant of HUF 350 million (approx. EUR 885,000) to expand its production capacity.
The investment will simultaneously modernize the production environment and promote the manufacture of products for renewable energies. The focus will be on industrial water treatment plants and rotating solar panel support systems.
Over the last 10 years, the company has developed cavitation systems. This technology can be used to purify and disinfect liquids or crush various substances by generating and imploding cavitation bubbles. The process is environmentally friendly and the investment can pay for itself within 2-3 years.
Last year, FHO Kft. had a turnover of HUF 1.4 billion (EUR 3.5 million) and a profit after tax of around HUF 490 million (EUR 1.2 million).