Sopharma to build BGN 70m plant in Sofia

Bulgarian pharmaceuticals maker Sopharma will break ground on its solid dosage form plant in Sofia on Thursday, with investments in the facility seen to make up BGN 70 million, company CEO Ognian Donev told Dnevnik. The factory will be located at the Iliensko Chausse boulevard. The new facility will employ 420, while construction works at the project are expected to be completed within 18 months. "Our ambitions are to build the most modern pharmaceutical facility in the region. This will be the main advantage for the group, since we already have sufficient production capacity," Donev said. Sopharma will finance the plant's construction with own funds and bank loans. Currently, the company is building another plant near Belgrade. "Our project in Serbia is smaller, it was launched two weeks earlier, so it should be completed in 12 months," Donev said in November. Sopharma is also in the process of upgrading its Ukraine-based factory.(Dnevnik)