Danish firm to build insulin plant in Kaluga

Danish firm to build insulin plant in Kaluga


Danish company Novo Nordisk, a world leader in production of anti-diabetic medicine, has signed an agreement to build an insulin plant in Kaluga, the regional administration’s press service said on Wednesday.

The statement said that the agreement was signed by Kaluga Region Governor Anatoly Artamonov, Novo Nordisk’s president and chief executive officer, Lars Revien Sorensen, and the company’s vice president for CIS countries, Sergei Smirnov, in Copenhagen on the sidelines of President Dmitry Medvedev’s visit.

Artamonov said the project will become another important step in creating a major pharmaceutical cluster around the Grabtsevo technopark outside Kaluga.

Under the agreement, the construction of the insulin plant, which will be 100% owned by Novo Nordisk, will have several stages, with overall investment expected to reach $80 million-$100 million.

“Each subsequent stage will be launched if the previous one is accomplished and the investment situation is favorable,” the statement said. It also said that the launch of the first production line at the plant was planned for December 2012.

Sorensen said that a plan to build a plant in Russia was unprecedented not just for the company but for Danish business as a whole.

Smirnov said the Kaluga Region was picked for the project after two years of thorough research.

“We are happy with the decision and with the cooperation of the Kaluga administration in developing our project and improving the conditions for the treatment of diabetes in Russia,” he said.

MOSCOW, April 28 (RIA Novosti)

Sanofi Cleared to Buy Insulin Plant

14 April 2010

By Anatoly Medetsky
Prime Minister Vladimir Putin and the government’s foreign investment commission on Tuesday approved a deal to sell a private insulin plant to Europe’s biggest drug maker, France-based Sanofi-Aventis.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s