Innovation & Technology

Another Hungarian development helps fight coronavirus

Hungarian knowledge has played a significant role in the fight against coronavirus worldwide.

The new investment of 3DHISTECH Kft. helps the development of digital microscopes, which play a key role in diagnosing the symptoms of coronavirus, the Minister of Foreign Affairs and Trade announced.

Péter Szijjártó said at the handover ceremony of the company’s 8,000-square-meter production facility in Budapest that the new HUF 2.3 billion investment will create 70 new jobs and received HUF 282 million of government funding.

3DHISTECH systems are used in 80 countries to test for coronavirus symptoms, and this new facility proves Hungary’s own development and manufacturing capabilities. 

Béla Molnár, CEO of 3DHISTECH, thanked the government for its support and explained that the investment contributes to the diagnosis of histological sections, improving therapeutic possibilities in the battle against the virus. Such digital tech is replacing traditional solutions in fighting both cancer and COVID-19, he added. 

Since the outbreak of the coronavirus pandemic, the government has allocated HUF 830 billion to investments undertaken by more than 1,300 companies. 3DHISTECH itself previously received state support of HUF 146.7 million for a project costing HUF 419.2 million.

The company has significantly increased both its revenues and profits in recent years. Net sales increased from HUF 4.5 billion in 2018 to more than HUF 7 billion in 2019, and after-tax profit increased from HUF 852 million to almost HUF 2.3 billion. 

Last year, 3DHISTECH received the Innovation Grand Prix, and in 2013, it was named the Best Innovative Exporter.

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