Investment of US drug maker Mylan to open 400 jobs in Hungary.

By bne IntelliNews July 23, 2010
The announced investment of US pharmaceutical company Mylan in Hungary will open 400 new jobs, state secretary of the economy ministry, Zsolt Becsey, announced. As we reported earlier, Mylan plans the construction of a EUR 67mn packaging plant in Komarom, near the border with Slovakia in the northern part of the Hungary. The investor had already purchased a vacant production hall in the local industrial park and intends to build a 10,000 sqm packaging facility and a 17,000 sqm logistics hall at the location. Becsey added that the investment was supported through a state subsidy, which was not higher than HUF 3mn per employee. Mylan COO Rajiv Malik added that the company will think about additional development of its Hungarian unit at a later stage, depending on the development of the current investment.

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