Croatia's Pliva says onging investment cycle worth $200 mln

The investment cycle is one of the biggest in the company's history, Pliva said in a statement issued to mark the visit of Croatian economy minister Radimir Cacic to its sites in Zagreb and Savski Marof.

The projects in Savski Marof include the construction of wastewater and process gas treatment facilities and the expansion of multipurpose synthesis facilities. The investments in environment protection amount to approximately 100 million kuna ($17.4 million/13.5 million euro), the statement said.

Pliva, part of Israeli-based Teva Group, said it is also building a new factory for finished dosage forms in Zagreb.

Pliva has increased the number of its employees by more than 100 over the last six months and this trend will continue, said Pliva's managing board president Tihomir Oreskovic.

(1 euro=7.4274 Croatian kuna)