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Austria: EUR 28.8 million grant to support modernisation of Sandoz GmbH's penicillin production in Tyrol

Description

On 27 July 2023, the European Commission approved a EUR 28.8 million (USD 32 million) financial grant to Sandoz GmbH, an Austrian manufacturer of healthcare products. The grant supports the modernisat...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

27 Jul 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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