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Russian Bright Way Group to set up pharmaceutical plant in North Kazakhstan

Business Materials 13 May 2021 15:34 (UTC +04:00)
Russian Bright Way Group to set up pharmaceutical plant in North Kazakhstan

BAKU, Azerbaijan, May 13

By Nargiz Sadikhova - Trend:

Russian Bright Way Group company will build a pharmaceutical plant in the North Kazakhstan region, Trend reports citing KAZAKH INVEST National Company.

Agreements on the implementation of the project were reached during the visit of the Kazakh delegation to the company’s plant in Kurgan, Russia.

During the visit, the parties reached an agreement on the implementation of an investment project on the territory of the Qyzyljar Special Economic Zone.

The project involves the construction of a pharmaceutical plant with a capacity of 150 million ampoules, 1 billion tablets and 200 million capsules per year. The company is expected to invest over $30 million in the project. Negotiations on the project began last year.

Velpharm LLC is a modern Russian full-cycle pharmaceutical manufacturer created on the basis of the BRIGHT WAY GROUP pharmaceutical holding.

The company's portfolio includes more than 80 drugs, another 120 drugs are under registration and more than 50 are under development.

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Follow the author on Twitter: @nargiz_sadikh

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