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Chinese famous pharmaceutical company planed to build factory in Russia's Amur region
Harbin Pharmaceutical Group, a well-known Chinese pharmaceutical company, came to Russia's Amur region for field visits last month. They planed to build a factory in this area for producing dietary supplement. Soybean and corn in Amur region will be this company's production materials. This Chinese pharmaceutical company is expected to become the first and the largest drug manufacturing enterprise in the local area.
The leader of Harbin Pharmaceutical Group said that Amur region had rich electrical supply and abounded in soybean and corn, and the government created a conducive environment with favorable policies for investment enterprises, which was attractive to them.
Harbin Pharmaceutical Group plans to purchase 6,800 tons of soybean oil and 126,000 tons of corn for producing dietary supplement and other pharmaceutical preparations. These products will be exported to Asian countries. Besides, the company is expected to offer 1,500 jobs for local people. And They will hire local medical workers to work. Annual revenues of Harbin Pharmaceutical Group will be expected to reach 1.6 billion Yuan after the factory is built and put into use.
According to the Russia Customs, Russian pharmaceutical products mainly rely on import, many of which are imported from Germany, French, Italy, USA, etc. Compared with these countries, other developing countries have a smaller market share. In order to increase production of the domestic drug, Russian Government issued a series of supportive policies to attract foreign investment for building factories. So this is a great time for foreign pharmaceutical enterprises to develop Russian market.
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