Lek to build new factory in Strykow for zl. 300 million

A new factory of Lek, a Slovenian pharmaceuticals producer, is to be built in Strykow near Lodz. It is estimated that the total cost of the investment will be around zl. 300 million. The first contract with the new investor, worth zl. 16.5 million, has been won by Mostostal Krakow which is scheduled to construct a store and offices for Lek by the end of 2003. Production is planned to be launched in 2005 and the factory is planned to provide employment for 250 workers. The medicines are destined to be sold on the markets of Central and Eastern Europe. Lek's financial director, Bojan Jagodic, expects the company's profits to grow following the new factory's completion. Last year it sold zl. 220 million-worth of medicines. No major direct competition is expected from other medical companies, as their managements have not yet announced any new investments. (Puls Biznesu, p. 8) K.Z.