Becton Dickinson inaugurates HUF 6 bln plant

Pharma

U.S. medical technology company Becton Dickinson inaugurated a HUF 6 billion plant in the industrial park of Tatabánya, west of the capital, on Thursday, state news wire MTI reported.

The plant will make immunology and cellular biology research reagents used for manufacturing medical products, Roland Goette, executive vice president for Europe and Africa, said at the ceremony.

The investment was financed partly from European Union funds and partly from a government grant, creating 107 jobs, said Goette, adding that more than half of the jobs require graduate or postgraduate qualifications in biology, biochemistry or manufacturing.

Antony Kushner, Becton Dickinson Biosciences vice president for manufacturing, said the 10,500 square-meter plant will reach full capacity in 2018, when it will make 8,000 different products.

Including the newly created jobs, Becton Dickinson employs more than 700 people in Tatabánya.

The company announced plans in November 2016 to expand its plant making prefillable syringes and plastic devices through an additional investment of HUF 34 bln, with a HUF 2.7 bln government grant. The investment is expected to take three years to complete and will create 219 jobs.

Becton Dickinson Hungary had net profit of almost HUF 5 bln in the business year ending on September 30, 2016. Revenues came to HUF 25 bln, with exports accounting for 90% of the total.

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March Analysis

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Share of 1st Time Home Buyers Climbs Residential

Share of 1st Time Home Buyers Climbs

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.