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Tufenkci Group to open pharmaceutical plant in Armenia

31.03.2017, 16:00
Tufenkci Group will open a pharmaceutical plant in Armenia worth $1.5 million, the ministry of economic development and investment said today.

Tufenkci Group to open pharmaceutical plant in Armenia
YEREVAN, March 31. /ARKA/. Tufenkci Group will open a pharmaceutical plant in Armenia worth $1.5 million, the ministry of economic development and investment said today. 

It said the plant will produce high-quality pharmaceutical products, in particular, pain relievers, antihypertensives, food additives, vitamins, antidiabetic drugs and so on.

To start the enterprise, the company has already invested $1.5 million and plans to produce $350,000 worth products a year, creating 20-25 new jobs. Later, it will expand production and hire 50-60 more employees.

The company plans to export its products to Syria, Lebanon, Jordan, Libya, Algeria, Yemen and other countries. --0--