Gedeon Richter invests 6.6m euros in logistics centre

Hungarian pharmaceutical company Gedeon Richter, one of the most active players on the domestic pharmaceutical market, has invested 9 million dollars (6.6 million euros) in building a logistic centre close to Targu-Mures, built on a 13,000 square-metre area, 5,200 square metres of which are allocated for storage space. “This new centre, alongside the warehouse held in Bucharest, represents the central distribution and storage axis of the group, with the centre in Corunca (close to Targu-Mures) also having a logistic role in catering for our regional clients,” stated Erich Bogsch, general manager of the Hungarian group. On the Corunca platform, the Hungarian group has also built an office building, which hosts Gedeon Richter Romania’s marketing department, the headquarters of Gedeon Richter Farmacia, and the headquarters of Armedica Trading, with all three companies belonging to the Gedeon Richter group. Gedeon Richter, the only company with fully integrated operations on the Romanian pharmaceutical market posted a 150 million-euro turnover last year, according to the company’s preliminary, non-consolidated data.