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Russian pharmaceutical company R-Pharm to invest EUR 100 million for biotechnology manufacturing plant in Turkey

Russian pharmaceutical company R-Pharm to invest EUR 100 million for biotechnology manufacturing plant in Turkey

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.

 

 

http://www.invest.gov.tr/

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