Sauflon to build Ft 3 bln contact lens factory in Hungary
The UK’s Sauflon Pharmaceuticals plans to build a Ft 3 billion ($18.6 million, €12 million) contact lens factory near Budapest, Economy Ministry state secretary Ábel Garamhegyi said on Wednesday.
The government has decided to award the company a special investment subsidy, Garamhegyi said. The size of the subsidy will only be revealed after it is approved by the EU, he said when asked by MTI. The plant will create 160 new workplaces in the fist two years and another 200 in the three years after. The plant will start with annual capacity of 100 million contact lenses, but Sauflon expects to raise this to 350 million in 3-4 years, investing altogether Ft 10 billion ($62 million, €40 million) at the plant. (MTI-Econews)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.