Egis undertakes HUF 7.6 bln capacity expansion
French-owned Hungarian pharmaceutical company Egis Gyógszergyár will invest HUF 7.6 billion to boost production and packaging capacity at its base in Körmend, Minister of Foreign Affairs and Trade Péter Szijjártó said on Friday, according to a report by state news wire MTI.
Egis will also set up analytical and microbiology laboratories at the base, Szijjártó said.
The state is supporting the investment with a HUF 1.2 bln grant, he added.
The output of Hungary's pharmaceutical sector exceeded HUF 1 trillion last year.
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.
