Terapia readies 10m-euro investment

Cluj-based pharmaceutical producer Terapia has announced plans to invest 10 million euros next year in order to erect a new building set to be used for packaging solid finished pharmaceutical products, as well as for building a new storage space. The funding of the investment will mainly come from banking loans and from the sale of some land already announced by the company”s officials last week. The representatives of Terapia say that besides these investments, there will be other investments aimed at the bioequivalence centre and a lab to develop new pharmaceutical products, as well as at the commercial department and the consolidation of the company”s IT infrastructure. “The completion of the investments will materialise in a 50% increase in the storage capacity compared with the current facilities and in a 100% increase in the packaging capacity for the finished products we are selling,” says Stephen Stead, Terapia”s general manager. ZF