Exports bring 95% in Sandoz turnover

Sandoz pharmaceutical company, owning two production facilities in Romania in Targu Mures, estimates exports will come to weigh 95% in turnover this year, from 50% in previous years. “We’ve increased the percentage of sales going to foreign markets amid the difficult climate on the Romanian market generated by falling prices,” said Iztok Sever, Sandoz Romania and Bulgaria country head. The main export markets of Sandoz are most states in Europe, as well as the US and other areas. “We’re signing contracts almost each month,” Sever said. Sandoz production facilities last year generated turnover worth 68.9m euros and losses of 8.5m euros, according to Finance Ministry data. This turnover level places Sandoz among the top five drug makers, according to ZF data.