Hungarian employees benefit from Euroapi share program
Zsuzsanna Diószegi
Euroapi, a leading player in the production of active pharmaceutical ingredients (APIs), has launched an employee share program for the first time.
“With this initiative, the company’s goal is to promote the ownership role of its employees and to connect them more closely with the effectiveness and long-term development of the company group,” said Zsuzsanna Diószegi, managing director of Euroapi Hungary Kft.
The subscription period of the “Euroapi Action 2022” program lasted from June 10-24. In addition to those operating in the Hungarian market, employees from six other countries who work for a subsidiary that is at least 50% owned by Euroapi and has joined the group-level savings plan had the opportunity to benefit from the initiative.
“It is important that the acquired shares are subject to a lock-up period until May 31, 2027, i.e., they cannot be sold for five years, except in a few exceptional cases,” added Cecilia Makláry, HR manager at Euroapi Hungary.
Euroapi focuses on reinventing active ingredient solutions to meet the needs of its partners and patients worldwide. The Hungarian chemical site employs nearly 900 people, manufactures more than 50 active ingredients, and has strong expertise in high-performance materials.
Euroapi is the world’s leading manufacturer of prostaglandins, and among its other products are active ingredients used to treat blood pressure, antispasmodics, and rheumatoid arthritis.
The group develops and sells APIs to more than 500 customers through its API Solutions business unit and contract development and manufacturing organization. Euroapi, the market leader in small molecule active ingredients, currently has a diversified portfolio of around 200 active ingredients.
The company was set up by French pharma giant Sanofi last year as a standalone company to combine Sanofi’s API commercial and development activities with six of its European production sites: Brindisi (Italy), Frankfurt Chemistry (Germany), Haverhill (UK), St Aubin les Elbeuf (France), Újpest (Hungary) and Vertolaye (France).
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