The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
120 jobs Number of planned job creations
Announcement Date
3 February 2009
Employment effect (start)
1 January 2010
Foreseen end date
1 January 2013
Description
120 new jobs are to be created over the next three years at a new pharmaceutical plant, Pharmacare Premium Malta, to be set up in Malta. The Palestinian-German company Pharmacare Ltd. Europe and the Malta-registered Pharma Group Ltd will set up a new pharmaceutical plant which should be employing 120 workers within three years. About EUR 10 million will be invested in the joint venture dubbed Pharmacare Premium Malta. The Pharmacare Chairman said that Malta's EU membership, euro adoption and strategic geographic location were the main reasons for deciding to locate the plant in Malta. The country's qualified and flexible human resources were also said to have played a role in attracting the investment. The manufacturing company is expected to start operating in 2010 with about 60 workers and should increase its employees to 120 within three years.
Eurofound (2009), Pharmacare Premium Malta, Business expansion in Malta, factsheet number 68405, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68405.
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