Pharmaceutical company "Stada" moves part of production to "Hemofarm"

German pharmaceutical company "Stada" announced that, starting from April 1, 2007, the part of production would be moved to the units of "Hemofarm" factory in Vršac and Banja Luka.

- Major part of the production will be moved to Serbia, whereas the production of antibiotics will be relocated to Banja Luka - said Hartmut Reclaf, the President of company "Stada", which is the owner of "Hemofarm" since August 2006.

Reclaf said that the plan of the German pharmaceutical company was to move production from the West to Southeast Europe starting from year 2007.

On the occasion of the visit to Republic of Srpska, he said that "Stada" would continue to invest in "Hemofarm" factory in Banja Luka.