Business news from Ukraine

INTERCHEM PHARMACY TO OPEN NEW LAB INDUSTRIAL COMPLEX IN ODESA

17 May , 2016  

KYIV. May 17 (Interfax-Ukraine) – Interchem pharmaceutical company (Odesa) has completed the implementation of a high tech investment project on the development of production facilities and the construction of a unique laboratory and industrial complex of the European level in Odesa.

According to a company press release, the investment project will allow to quadruple production of medicines that will ensure providing the population with high quality and affordable medicines and facilitate domestic medicines’ entering foreign markets.

The total volume of investment in the new project in early May of the current year amounted to EUR42 million. The total area of the new complex is 15,000 square meters.

During the implementation of the project Interchem paid more than UAH 243 million to the budgets of all levels. The amount of paid tax liabilities under contracts with Ukrainian partners involved in the project exceeded UAH 50 million, tax payments to the budget under contracts with non-residents exceeded UAH 28 million.

The company created 139 new jobs. It is planned by 2020 to increase the number of employees from 700 (early 2016) to 960 people.

Interchem is one of the leading Ukrainian producers of medicines and pharmaceutical substances. It is included in the top ten manufacturers of medicines. The share of own production reaches 2% of the total market in the country.