Medical tech firm BD to expand Hungary syringe plant
The company is preparing to invest around €110m in a project to extend the plant to accommodate additional production lines for prefilled syringes and plastic security devices.
This expansion scheme is still at the planning stage and construction is expected to begin between July and September 2017, according to Becton Dickinson Hungary’s plant director Csaba Vecsernyés.
The expansion is scheduled to take around three years to complete with start up due to begin in 2020, he revealed at a news conference in Budapest.
Franklin Lakes, New Jersey-based BD, which already employs 700 at Tatabánya, plans to create another 219 high added value jobs as a result of the project, Péter Szijjártó, Hungary’s Minister of Foreign Affairs and Trade told the joint conference.
“This investment scheme shows that American capital has continued confidence in Hungary... The production of medical supplies in Hungary grew by 19% year on year during the first nine months of 2016, reaching €656m, in which Tatabánya played an important role,” Szijjártó said.
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| fig.: BD is to invest around €110m in a project for additional production lines for prefilled syringes and plastic security devices. |
BD Hungary’s plant director pointed out that the US group has invested almost €236m overall in ramping up production and creating jobs at the Tatabánya site since it was established in 2007.
Last year, BD built a new business branch there for its Biosciences division and laid the foundation stone for a production hall for the manufacture of research reagents used in pharmaceuticals in Tatabánya, Vecsernyés added.
In the year to 30 September 2015, BD Hungary posted after tax profits of €7m, up on the 2014 figure, on annual sales of €56m, according to company data.
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