Richter invests in Ukraine
Monday, September 26, 2005, 11:17
Gedeon Richter Rt, Hungary's biggest drug maker, has invested $6 mln into a packaging facility in Kiev, in the Ukraine, which will start production next year, business daily Napi Gazdaság reported. Drugs produced in Hungary will be packaged in the Ukrainian factory, CEO Erik Bogsch said. 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 $11 mln in the neighboring country.