The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
110 jobs Number of planned job creations
Announcement Date
22 July 2008
Employment effect (start)
20 January 2001
Foreseen end date
Description
Richter Gedeon, an Hungarian drug producer, will build a biotechnology plant in Debrecen with the investment of HUF 15 billion (€64.75 million) as part of its R&D strategy. The new plant, which will employ 110 people, will start producing samples for clinical testing in 2012 and enter production in 2014. The company will receive an unspecified amount of state subsidy as well as subsidies from the local government of Debrecen. It is expected that the new plant and the local university will co-operate closely, expecially in the field of training.
Sources
22 July 2008: Budapest Business Journal
23 July 2008: Népszabadság
Citation
Eurofound (2008), Richter Gedeon, Business expansion in Hungary, factsheet number 66908, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66908.
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