Today, Belupo was presented by the Lider business magazine with an award for the largest manufacturing investment in the Republic of Croatia in 2017...
Today, Belupo was presented by the Lider business magazine with an award for the largest manufacturing investment in the Republic of Croatia in 2017.
Belupo’s investment cycle has progressed for as long as 47 years. In the last 18 years alone we invested more than a billion kunas in the construction and equipping of our new manufacturing facilities, said Belupo’s CEO Hrvoje Kolarić while receiving an award for the largest manufacturing investment in the Republic of Croatia in 2017, presented by the Lider business magazine. Worth HRK 534.1 million, the investment was intended to build and equip our new factory making solid, semisolid and liquid dosage forms, which employed 200 new people. The award was presented to Hrvoje Kolarić by Nataša Mikluš Žigman, delegate of the Prime Minister of Croatia and State Secretary at the Ministry of Economy, Entrepreneurship and Crafts.
“For the third year in a row Lider has recognized, selected and rewarded the best in the categories of large, medium-sized and small manufacturing investments. This was recognition for all enterprises awarded so far, but also an encouragement to others. Unlike the general impression, enterprises in Croatia, notably small and medium-sized ones, have undertaken numerous manufacturing investments. It’s just that this stays below the radar. We want to use this campaign and these awards to change that,” said Miodrag Šajatović, editor-in-chief at the Lider business weekly.
The selection criteria were share in exports, new jobs and state of technology. In addition, the investment had to boost employment, help develop manufacturing and raise Croatian economy’s competitiveness, implement and develop new technologies, improve people’s safety and quality of life, contribute to sustainable development and environmental protection, and generate value added.
“Between its date of establishment and now, Belupo opened 6 drug factories, a microbiological lab and a modern warehouse for its finished products in Ludbreg, and later in Koprivnica. Thanks to its most sophisticated manufacturing technology, the company makes 200 million packages of different doses and dosage forms a year. As the pharmaceutical industry is a highly demanding one technologically, ongoing investments are necessary, both in manufacturing facilities and technology on the one hand and in people on the other hand. A life and work philosophy based on ongoing investments both in manufacturing and in our employees and the market has allowed us to penetrate 20 foreign markets where we presently generate over fifty percent of our sales revenue, said Hrvoje Kolarić, Belupo’s CEO, after the ceremony.
“We intend for private investments in development to reach at least 1.4 percent of GDP by 2020. The Ministry of Economy and other government departments will use their best efforts to improve the legislative framework based on analysis of the information available to make it more stimulating for investments and to enable such investments, both through EU grants and other types of benefits, for the purpose of supporting industries showing the greatest potential for growth of productivity and long-term real growth of the economy. – said Nataša Mikuš Žigman, delegate of the Croatian Prime Minister and State Secretary at the Ministry of Economy, Entrepreneurship and Crafts.