Type
Business expansion
Country
Slovakia
Region
Vychodne Slovensko; Presovsky kraj;
Location of affected unit(s)
Kežmarok
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations
21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations

350 jobs
Number of planned job creations
Job creation
Announcement Date
18 June 2008
Employment effect (start)
1 January 2009
Foreseen end date
31 December 2011

Description

Russian Institute Europharm Company will expand its business to Slovakia. The pharmaceutical company started the building of its subsidiary in industrial zone Kežmarok-Pradiareň. This greenfield investment will amount to SKK 1 billion. In total 350 new jobs will be created there by the end of 2011. According to Mayor of Kežmarok, Igor Šajtlava, the first stage of the investment will be completed by the end of 2008. About 80 new jobs will be created there in production of substances based on fish eggs from 2009.


Sources

Citation

Eurofound (2008), Institute Europharm, Business expansion in Slovakia, factsheet number 66760, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66760.