The company “Baltfarm” received permission for the construction of the plant in the Special economic zone. The document issued by the Service of state construction supervision and expertise of Saint Petersburg 12 may 2020. According to him, the company is able to build the object of capital construction – plant medicines and industrial warehouse building. Object consisting of one and two-story buildings, will cover an area of 11.4 thousand square meters.
The company received the status of resident of the SEZ “Saint-Petersburg” in 2018. A tripartite agreement on the project of LLC “Baltfarm” was signed in the framework of SPIEF-2018. Enterprise resident intends to organize the development and production of active pharmaceutical ingredients (AFS) for the treatment of socially significant diseases. Potential buyers of the company’s products will be pharmaceutical factories producing finished pharmaceutical products.
At the end of may 2019, the Expert Council of the SEZ, approved the adjustments to the business plan of the company, including the increase of investment volume in 2.5 times, from 796 million rubles to 2 billion rubles. The expansion of production also demanded additional land was increased by 1.8 hectares at the expense of the neighborhood and was in total 3.2 ha. it is Planned that the company will provide 119 new jobs.