Page 14 - EIF_CIP case studies

Biotech was set up in 2006 and has since become a key player in the Hungarian medical market. The company both produces and trades orthopaedic, trauma and spine implants, providing mobility solutions for patients.

Biotech’s owner and CEO, Dr. Alkaysi Ghazi, is a trained orthopaedist. He initially set up Biotech in a rented factory but the premises soon became too small and unsuitable for the high quality production process necessary for manufacturing these products.

“We soon realised that we needed even more space and additional fnance to continue developing new products and providing new services“ states Managing Director Szentpétery Olivér.

So in 2010, Biotech went to UniCredit Hungary for a loan, bought a new factory, warehouse and offce in Diósd near Budapest and also created a new R&D centre. Thanks to this recent expansion, the company can now increase its production and research and also has the infrastructure to take on another 28 employees in 2011.

Company: Biotech GmbH Type of business: Implant specialist EU-guaranteed loan from UniCredit Hungary: EUR 546,000

27

Hungary

Finance for mobility