Polfa gains Hungarian investment of zl. 200 million

Gedeon Richter, Hungary's leading pharmaceuticals producer in Central Europe, has become a strategic investor of Polfa Grodzisk, a recently privatized Polish medicine manufacturer. The investor will spend more than zl.200 million on the acquisition and further investments in production developments. "We have negotiated the investment package but we are still trying to arrange the terms of the employees' social benefits package. I estimate that the investor will spend at least zl.50 million to zl.60 million on specific projects that will help develop the plant," said Antoni Pietkiewicz, head of the Mazowieckie voivodship. Currently the plant employs 1100 people, with last year's income reaching zl.140 million, and profits of zl.5.7 million. (Puls Biznesu, p.10) A.K.