| Emitents | Olainfarm, AS (213800WCG52W62ENOP27) |
| Veids | Būtiski notikumi |
| Valoda | EN |
| Statuss | Publicēts |
| Versija | |
| Datums | 2010-03-29 15:33:20 |
| Versijas komentārs | |
| Teksts |
Olaine, March 29, 2010
“Olainfarm” might create a chain of pharmacies
in Latvia and expands into Asia
Olainfarm might create a chain of pharmacies in
Latvia. Depending upon the developments of Latvian Law On
Pharmaceuticals, it might consider either creating a new network or
purchasing one of the existing ones.
This year Olainfarm plans to establish a representative
office in Bangkok, which in future will be servicing the entire
South-East Asia. Also this year the first shipments are
planned to Vietnam and it is planned that in future sales to this
market will be comparable to that of Belarus with volume of about 3
million euros.
“To fully enter the market of an Asian country it takes
about 8 – 10 years, but for the Chinese market it would be at least
15 years,” says Valerijs Maligins, Chairman of the Board of
Olainfarm.
Over the last few years Neiromidin has become a leading
product of Olainfarm. Last year it was sold for more than 4
million lats. This product continues growing and this year
sales of it might be considerably bigger.
In 2010 Olainfarm plans to maintain the level of
sales growth achieved in 2009 and to earn higher profits than
previous year. In 2009 net profit of Olainfarm was 2.56
million lats (3.64 million euros), while the sales reached 22.4
million lats (32 million euros).
AS „Olainfarm“ is one of the largest companies in Baltic
countries with nearly 40 years of experience in production of
medicines and chemical and pharmaceutical products. The key
principle of company's operations is to produce reliable and
effective top quality products for Latvia and the rest of the
world. Currently products of “Olainfarm” are being exported to
more than 30 countries worldwide, including the Baltics, Russia,
other CIS, Europe, North America, Asia, Australia
Information prepared by
Salvis Lapins
JSC "Olainfarm"
Member of the Board
tel. +371 6 7013717,
cell: + 371 2 6448873
fax. + 371 6 7013777
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