Teva to invest USD 42 mln in new drug plant in Bulgaria

Pharma

Israel-based Teva Pharmaceutical Industries will make a strategic investment of some USD 42 million (EUR 35 million) in the construction of a new drug production plant in the Bulgarian town of Dupnitsa, it said.

The new plant will complement Teva's existing manufacturing facility in Dupnitsa, in southwestern Bulgaria, significantly increasing production capacity by over 800 million tablets/capsules per year and creating about 70 new jobs, the company said in a statement.

Production at the new plant is expected to begin at the end of 2023 after the facility receives approval from the respective regulatory bodies. 

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