On November 21, 2021, Erbud Group announced its company specializing in modern modular wooden construction will be called Mod21 with the business expected to generate PLN 1.5 billion in revenue annually.
Mod21 focuses on the construction of large modular facilities made of wood – hotels, office buildings, dormitories, hospitals, public buildings. With full production capacity, the company plans to produce 375 square meters of modular space per day. Within 10 years, it intends to generate revenues of PLN 1.5 billion from this segment with operating profitability of at least 5-10%. In the first place, the offer is addressed to German customers.
The company explained the brand name as consisting of two parts: the first is “mod,” referring to the core business of the new company while the second, “21” is meant to “symbolize the 21st century, the 21st year. It is a point, an ideal, perfection in card games. The sequence of 2 and 1 is code from programming, and this places us in something numerical, technical, digital. At the same time, it is associated with something ‘working,’ as if someone had created a ‘mod’ folder years ago – because modules and ’21’ – because in 2021.”
“We are working intensively on the development of our newest start-up,” commented Erbud President Dariusz Grzeszczak. “We already have a hall in Ostaszewo, near Toruń, we employed key managers, and ordered [a] modern production line. We are happy that we can now officially announce the name of our new project. In MOD21, we will produce modular wooden facilities, the sale of which should start in the middle of next year.”