A 3 million euros investment creates 100 new jobs in Paredes, Portugal

Vygon Portugal announced an investment of 3 million euros in a manufacturing facility that will produce medical-surgical and pharmaceutical products and will create 100 new jobs in Paredes.

The project will be located in the Baltar / Parada business park and the construction of the brand new facility is planned to start in August.

Given the interest of this project to the Municipality a local incentives package in the amount of 180,000 euros and tax incentives (for a period of one year) have been granted to the investor.

In addition Vygon Portugal will benefit from a reduced industrial licensing tax – symbolic value of € 1.

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