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 Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32 - Other manufacturing
250 jobs Number of planned job creations
Announcement Date
21 October 2010
Employment effect (start)
22 October 2010
Foreseen end date
31 December 2011
Description
The Syrian owned German company, Biotech Ltd, has opened a nearly two thousand square meter medical supplies manufacturing plant in Pest County Diósd. The plant will begin operating with 100 employees which and the company plans to have 200-250 employees wokring at the plant in the near future. The planned turn over for 2011 is HUF 5 billion (EUR 18 million).
The Biotech Group is a leading manufacturer and distributor of medical products. The Biotech manufacturing facilities are located in EU countries (Germany, Hungary) where Orthopaedic, Trauma and Spine implants are produced and also possess the necessary CE quality assurance system.
Sources
21 October 2010: Menedzsment Fórum
21 October 2010: Magyar Nemzet
Citation
Eurofound (2010), Biotech, Business expansion in Hungary, factsheet number 71583, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71583.
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