Hungarian producer Medicor building plant in Turkey

Hungarian health industry producer Medicor has started building a plant in an industrial park in Ankara, Foreign Minister Péter Szijjártó said after talks with Mustafa Varank, Turkey’s minister of industry and technology, in Ankara on Monday.

The new 4,300sqm plant will produce medical aids for newborns, Szijjártó said. The Hungarian government has provided a grant of 480 million forints (EUR 1.3m) for the project worth a total of 800 million forints.

Szijjártó told a news conference that Hungary was a “winner of a new epoch in the global economy”, through its policy of supporting investments both by foreign companies in Hungary and Hungarian companies in other countries. Hungary’s production of export goods, he added, could only be increased appreciably if some of that production was transferred to locations closer to the consumer markets.

Szijjártó noted

Medicor’s 100 year-old legacy and its dominance in central Europe as a manufacturer of neonatal medical products.