Sanofi inaugurates HUF 8 bn expansion in Hungary

French pharmaceutical company Sanofi inaugurated an 8 billion forint (EUR 20.7m) expansion at its base in Miskolc, in north-eastern Hungary, on Friday.

The government supported the investment, which boosted syringe capacity by around 50 percent, with 1.5 billion forints.

Péter Szijjártó, the minister of foreign affairs and trade, said the new capacity would make the base a leader in production of blood thinner injections in Europe.

Exports of Sanofi’s local unit stand over HUF 140 billion, making it the 22nd biggest exporter in the country, he added.

Source: MTI