Richter invests in Ukraine
Sunday, September 25, 2005, 00:00
Gedeon Richter Rt, Hungary's biggest drug maker, has invested USD 6 million into a packaging facility in Kiev, in the Ukraine, which will start production next year, CEO Erik Bogsch said. Yet to be decided drugs produced in Hungary will be packaged in the Ukrainian factory, Bogsch added. The facility is considered a long-term investment by the drugmaker, according to the CEO. Richter's fourth largest export market is the Ukraine; during H1 of this year, the company sold drugs worth USD 11 million in the neighboring country. (NG 7) P.O.