OREANDA-NEWS. December 14, 2012. JSC "Grindeks" has solemnly unveiled a manufacturing unit of ointments and gels, which is one of the most modern in the Baltic States and meets world-class standards of pharmaceutical manufacturing. Altogether 2.5 million lats were invested in the manufacturing unit of ointments and gels, out of which the co-financing of the EU structural funds – 448.67 thousand lats. The investments are planned to be recovered within 2 years.

The opening ceremony of the manufacturing unit of ointments and gels has been attended by the Minister of Health of the Republic of Latvia Ingrida Circene, Chairman of the Council of "Grindeks" Kirovs Lipmans, Chairman of the Board of "Grindeks" Juris Bundulis, Ambassador Extraordinary and Plenipotentiary of the People`s Republic of China to the Republic of Latvia H.E. Hu Yeshun, Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to Latvia H.E. Aleksandr Gerasimenko and “"Grindeks"” cooperation partners.

Chairman of the Council of "Grindeks" Kirovs Lipmans: “The future of the company cannot be imagined without investment and development projects! Today, investing 2.5 million lats, we have successfully concluded another investment project and we are unveiling a new manufacturing unit of ointments and gels. Thanks to this investment, the company will increase its productivity and production capacity. This will increase our competitiveness and in the near future will allow complementing our product range with new ointments and gels.”

Chairman of the Board of "Grindeks" Juris Bundulis: “The development of "Grindeks" is in the most direct way dependent on the policy of shareholders – to invest in the company`s development. This project is another example of "Grindeks" shareholders` interest in the the company`s sustainability. In the centre of our operations is the patient, and the new, world-class manufacturing unit of ointments and gels is an important incentive to find more and more efficient solutions for patients` health improvement.

The manufacturing unit of ointments and gels is equipped with modern and high-powered technological devices that ensure convenient, safe, efficient and environmentally friendly production. In October this year, the new manufacturing unit received the Certificate of Good Manufacturing Practice from the State Agency of Medicines of Latvia. The new manufacturing unit will be able to produce up to 20 million tubes per year. In the new manufacturing unit of ointments and gels of "Grindeks", there are new job positions created for 10 qualified operators and technical engineering specialists. It is planned that the new manufacturing unit will provide also medication manufacturing for other companies according to their orders or to provide contract manufacturing services.