The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21.10 - Manufacture of basic pharmaceutical products
100 jobs Number of planned job creations
Announcement Date
18 June 2015
Employment effect (start)
15 June 2015
Foreseen end date
1 July 2015
Description
Pharma Valley, a subsidiary of Jadran Galenski Laboratorij (JGL), has announced it will opens a new production plant at Svilno, close to the City of Rijeka. The plant has 20,000 sqm of indoor space. The total JGL facility at this location now extends to 100,000 square meters. The beginning of the new production is expected in the first half of July 2015. An investment of HRK million 50 (€ million 6.7) is not only the largest investment in the history of these pharmaceutical companies, but also in the recent economic history of the City Rijeka. JGL is already planning a continuation of the investment. JGL Group is present in the markets of 35 countries and employs over a thousand workers. For the new plant 100 employees will be hired.
Sources
19 June 2015: Poslovni.hr
Citation
Eurofound (2015), Pharma Valley, Business expansion in Croatia, factsheet number 83853, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83853.
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