German Hemomont opens production facility in Podgorica

Hemomont, a unit of the Serbia-based firm Hemofarm (part of the German pharmaceutical company Stada Arzneimittlel Group), has opened a new nasal spray production facility in Montenegrin city of Podgorica, local media reported. The company invested EUR5.3m in the facility, which will employ around 30 people. The facility will produce 3 million nasal spray bottles per month and will export them to nine foreign markets. Hemomont is Montenegro’s main pharmaceutical producer and the new facility is expected to boost the company’s revenues by around 50% y/y.

 

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