Farmexim plans 21% turnover increase

Drug distributor Farmexim Bucharest, one of the most important such companies on the Romanian market, estimates $39m turnover for this year, 21% higher than in 2002. The company plans to gain 3% more from the drug import and distribution market by yearend. Farmexim’s officials say the company accounts for 8.33% of the retail market. The sales and market share are likely to increase, the same officials say, due to an investment programme started last year and aimed at broadening the storage and distribution capacity, as well as at computerising the whole distribution network. ZF