Chemical company Chemi-Pharm has received a building permit for the construction of a pharmaceutical plant in the territory of the Saku municipality near Tallinn and plans to start construction this year.
The comprehensive solution for the three-story, 8,500-square meter pharmaceutical plant integrated with the existing building of Chemi-Pharm was prepared by Innopolis Insenerid OU, spokespeople for Chemi-Pharm said.
“For Chemi-Pharm, the entry into the pharmaceutical sector and the establishment of a production unit based on clean room technology is an important step to continue the company’s rapid development and innovation. Having its own pharmaceutical industry gives Estonia the capacity to produce medicines and vaccines and also hedges risks. As a research-intensive company, we also see great innovation potential in expanding production,” said company CEO Kristo Timberg.
The company invests at least 2% of its revenue in research and development. An example of this is the novel BioBlock nasal spray with antibodies against SARS-CoV-2 developed in collaboration with Estonian researchers.
AS Chemi-Pharm is a company founded in 1997 that develops, manufactures and sells disinfectants, personal care products and cleaning and special care products. The company employs nearly 80 people and exports its products to 27 countries. It was chosen the Company of the Year in early October.
The chemical company plans to invest up to EUR 50 million in creating pharmaceutical production capacity in the coming years.
“Since we have not yet reached the procurement stage, it is difficult to talk about exact figures,” the CEO said.
The profit of AS Chemi-Pharm surged more than 16-fold YoY, to EUR 4.6 million in 2020, while revenue doubled to EUR 18.8 million. By field of activity, the sale of disinfectants, at EUR 17.5 million, accounted for the largest share of sales revenue. (ERR/Business World Magazine)
