Volga | Finance, business | Industry, manufacturing

Stada moves part of its pharma production from Europe to Russia

30 Oct '20
Stada, a sizable German pharmaceutical company, announced plans to move part of its production capabilities from Western and Central Europe to its Russian-based assets, the Russian regional daily Delovoy Kvartal reported following an interview with Dr. Stephan Eder, executive vice president of Stada Russia/CIS.

The Germans want to localize in Russia the manufacture of products that are currently made in England and in Serbia. Pharmaceuticals made in Russia will be marketed both domestically and internationally.

Nizhny Novgorod in the mid-Volga region (Nizhpharm, the factory owned by Stada since 2005) and Obninsk outside Moscow will be the key localization sites. In both cities, Stada already has a 70% level of localization, one of Russias deepest.

In addition to that, Stada is considering pushing Russian-based projects in health care digitization.

According to Dr. Eder, Russia is Stadas second most important market. The source quoted him as saying that in addition to an estimated 1bn already invested in Russia, the German company has three-year plans to invest in Russian-based manufacture another 13m.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations: Nizhny Novgorod

Tags: Stada (8) / Nizhpharm (10) / Stephan Eder (0) /

Latest News: Volga
26 Jan '21 | Technology & innovation
22 Jan '21 | Technology & innovation
21 Jan '21 | Technology & innovation
11 Jan '21 | Technology & innovation | Industry, manufacturing
 

Feature stories

22 Dec '20
Chemists at the Tomsk State University (TSU) in...
20 Oct '20
The Russian market still has a strategic meaning for...
23 Jul '20
Search (News archive - 22372)

World of the Future, World of AI

Advertising
Dsight Webinar
Marchmont Tech Solutions_ENG
Luc Jones: A Guide to Doing Business in Russia and the CIS Countries
Why Russians Don't Smile
Advertising
NATT
Advertising
Marchmont News

Latest News

26 Jan '21
Wildberries, a major Russian online retailer owned by...
22 Jan '21
Russian venture capitalists at Elbrus Capital...
21 Jan '21
Scientists in the Urals region experiment with nitric...

Most read stories from last week

26 Jan '21
Business on the technologies of the future is being...
26 Jan '21
The Human Stem Cell Institute (HSCI) has invested...
26 Jan '21
Wildberries, a major Russian online retailer owned by...