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The plant will increase production capacity in the country to two billion tablets and capsules a year.
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Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) and its Croatian subsidiary, Pliva, opened a new tablets and capsules manufacturing plant in Zagreb on Friday, at an investment of $100 million. Pliva has hired 200 new employees. Pliva CEO Tihomir Oreskovic said that the plant would expand the company’s production capacity. The company’s output is exported worldwide.
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The new plant will increase Pliva’s production capacity by 25% to two billion tablets and capsules a year. Production will begin as soon as the plant obtains US Food and Drug Administration (FDA) and European Medicines Agency (EMEA) certification.
Published by www.globes-online.com
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