Danish biotechnology company Foss will set up a $8 million research and development center in Pécs, Hungary. The Hungarian government is supporting the investment, which will create 88 jobs for highly qualified professionals, with a $3 million grant.
Niels Degn, senior vice president for R&D at Foss, said the company picked Hungary for the center because of the professional competences of the local labor force and the positive attitude of the government and the University of Pécs. Family-owned Foss plans for the long term, he added.
The 2,000 square-meter R&D center is being established through Soft Flow, a Pécs-based biotech company that Foss acquired two years earlier.
Foss is a global provider of hightec, analytical solutions used mainly in the agricultural and food industries. The company is headquartered in Hillerød, Denmark. Established in 1956, Foss has research and production facilities in Denmark and China, as well as in Hungary.