Teva begins 15B forint expansion of Hungarian facility
Israel's Teva Pharmaceutical Industries has begun a 15.0 billion-forint ($91.5 million) expansion of its Hungarian unit in Debrecen. The firm aims to double its sales from about $10.0 billion last year, with a considerable proportion of the production capacity expansion being undertaken in Hungary. The project is scheduled for completion by 2011 and will include a European generics R&D center, which will be finished by the end of 2009.
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