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news.Mylan, a US based generics and specialty pharmaceutical company, is expected to set up a new drug packaging plant worth EUR67m in Komarom Industrial Park, Hungary, reported by The Budapest Times.
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Mylan said that this new plan will generate 400 jobs in the northwest of the country,
Mylan has stated that it has purchased a big hall of around 10,000sqmts in the industrial park which is expected to be equipped for pills and capsules packaging. This facility is also expected to include a quality monitoring unit.
Additionally, Mylan is also planning to establish blister packaging and bottling lines and drug handling capacity at the site in the next few years, reported in-Pharma Technologist.
Zsolt Becsey, state secretary of the Economy Ministry, said: “Hungary needs investments, which strengthen the country’s economy and use local entrepreneurs to advance their agenda.”
Rajiv Malik, chief operating officer of Mylan, said: “We are happy to extend our activities to Hungary. We chose this location after careful deliberation. This plant is expected to be the economic engine of our business and region as well.”