The president of Iceland, Olafur Ragnar Grimsson, and members of parliament, attended the opening ceremony.
Claudio Albrecht, chief executive of Actavis, said: ‘This latest investment increases the production capacity in Iceland by 50%, giving us a significantly increased launch capability for the EU market. This is our principal development and launch site for Europe. We're proud to be able create jobs in Iceland by expanding this site.’
The production capacity of the Hafnarfjordur site is about 1.5 billion tablets, around 96% of which are exported to the European markets.
Actavis operates 14 manufacturing sites in 12 countries and employs around 10,000 people. Total production capacity is the equivalent of about 24bn tablets.