Russian pharmaceutical company R-Pharm to invest EUR 100 million for biotechnology manufacturing pla

Specifications:

Name:

Russian pharmaceutical company R-Pharm to invest EUR 100 million for biotechnology manufacturing pla

Location:

Turkey

Company:

R-Pharm

Estimated Cost:

Eur100 million

Source:

invest.gov.tr

Russian pharmaceutical company R-Pharm is going ahead with the projected EUR 100 million investment in Turkey. R-Pharm’s investment involves a biotechnology manufacturing plant in Turkey to supply both the domestic and regional markets.

Image:http://r-pharm.com

The plant will initially cost EUR 30 million to build and is expected to enter production by late 2017, according to R-Pharm CEO, Vasily Ignatyev. “R-Pharm will invest EUR 100 million in its Turkish business by 2018”, he noted.

The company established an Istanbul-based subsidiary, TR-Pharm, in 2013 aimed at marketing products in Turkey, the Middle East and North Africa.