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Article: Hungarian press review, 07/02/2003 (02/02).
- Article from:
- Hungary Business News
- Article date:
- February 7, 2003
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Hungarian press review, 07/02/2003 (02/02)
Budapest. February 7. INTERFAX-EUROPE eI? PHARMACEUTICAL HUMET'S TAIWANESE PARTNER TO START PRODUCTION IN MARCH. Bio-Green Biotechnology, the Taiwanese partner of pharmaceutical company Humet Rt, is expected to start production at its new factory in March, said Humet chairman Janos Civin. Bio-Green spent USD 800,000 on the investment, and according to an earlier agreement, will pay a total of USD 16 million over 10 years to Humet for the distribution rights of the company's products in the Far East. The new plant has capacity to produce 1 million bottles of syrup a year. Humet also plans another attempt at entering the ...