EBRD BACKS CROATIA PHARMA COMPANY

THE EUROPEAN Bank for Reconstruction & Development (EBRD) is lending Euro EUR 3.6 million to Croatian pharmaceutical packaging producer Piramida, helping it expand production and restructure its balance sheet. The company mainly sells in former Yugoslav countries and is a regional leader in manufacturing pharmaceutical ampoules and vials. More than 90% of sales come from exports. The money will help fund a 2012-2016 investment programme including extending its production hall, buying additional production lines and installing new manufacturing technology. ...


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