Croatian Prime Minister Orešković Opens Teva’s Multi-purpose Synthesis Plant in Croatia

The opening of the new multi-purpose synthesis plant at Teva’s Croatian site in Savski Marof marks the end of the greatest investment cycle in PLIVA’s history, worth over one billion kuna. The new plant, worth half a billion kuna, will double production capacities in some segments at Savski Marof. More than 95 % of products will be exported to the largest markets around the word. 

Croatian Prime Minister Orešković Opens Teva’s Multi-purpose Synthesis Plant in Croatia

At the opening ceremony for the new plant in Savski Marof, Croatian Prime Minister Tihomir Orešković symbolically put the plant into operation. Also present alongside the Prime Minister were Mihael Furjan, General Manager, Teva Croatia and SEE, Romana Šantar, Executive Director, TAPI Croatia, and R Ananth, TAPI President and CEO. Following the introductory presentation, guests toured the new production plant and learned more about future projects and challenges in the pharmaceutical industry.

Producing and Exporting More Than Ever

Marking the occasion, Mihael Furjan, President of the Board of PLIVA, remarked that “Opening new plants, such as this multi-purpose synthesis plant here in Savski Marof, is very important for PLIVA, a proud member of Teva. This investment enables the transfer of products and technology. It is a prerequisite for further strengthening of competitiveness and growth of the pharmaceutical industry in Croatia. It gives us great pleasure to be a positive example for other investors. As we are marking our 95th anniversary, thanks to the new investments we are now producing and exporting more than ever.” He also added, “Investments, and the resulting growth of production and export, are the main drivers of growth in Croatia, which is reaffirmed here today. Along with the increase in production and new jobs, this project contributes to the development of both the local and wider communities, and also to indirect employment in service and logistics."

Teva One of the Largest Private Investors in Croatia

Presenting Teva as one of the largest private investors in Croatia, R Ananth, TAPI President and CEO noted, “Teva, one of the largest pharmaceutical companies and a company that helps over 200 million people around the world every day, has recognized the quality and efficiency of the processes in Croatia. The know-how and experience of top experts who take part in creating global trends in the production of active pharmaceutical ingredients (API) are of great importance for the entire Teva Group. The key to the investment in Savski Marof was the high quality of our products, which is confirmed by numerous approvals granted by regulatory agencies, such as the approval of the American Food and Drug Administration for export to the US market."

Sophisticated and State-of-the-art Production

Referring to the investment which employed more than 100 new experts in Croatia, Romana Šantar, Executive Director of TAPI Croatia, said, “We have significantly improved our capacity in the production of active pharmaceutical ingredients, and more than 95% of the products from the new plant will be exported to the largest markets in the world. These include the US, Canada, Japan, the EU and Russia. The most sophisticated, state-of-the-art production equipment has been built in this plant, and top technologies will enable us to produce a wide range of products, including many substances that we have not produced so far. We pride ourselves on being successful in Croatia, but also on being present on global markets as a result of our work and performance."

Investing in Research, People, and Education

At the opening ceremony, Prime Minister Orešković also remarked, "We can see that Croatia today can be competitive, not only at the regional level, but in Europe and beyond. PLIVA does not invest only in state-of-the-art technology, but also in research, people and education. It is one of the biggest Croatian exporters and, as far as I know, new investments are about to be made." He also added that PLIVA and its parent company Teva always observe delivery deadlines, which was appreciated by clients worldwide.

 

Along with Prime Minister Orešković, the opening ceremony for Teva’s new plant in Savski Marof was attended by Croatian Minister of Economy Tomislav Panenić, Minister of Environmental and Nature Protection Slaven Dobrović and other distinguished guests.

 

** Full Disclosure: Prior to taking office, Croatian Prime Minister Orešković served as Teva's CFO in Europe.