Pharmaceutical plant for licorice root processing will be built in Astrakhan SEZ

| By | Drug Manufacturing, Investments

Techno Plus plans to localize the manufacturing of licorice root and its further processing for producing the extract and powder in the Astrakhan Special Economic Zone (SEZ) “Lotus”.

According to the press service of special economic zone, this will require at least 120 million rubles. The volume of products shipped for exports is expected to be 500 tons per year. By May 31, the company must submit its business plan and schedule for implementing the investment project to build the plant.

The enterprise will be located on a land plot of 5 hectares, said Radik Harisov, the Deputy Chairman of the Government of the Astrakhan region. The plant is expected to start the pilot operation and reach its design capacity in August-December 2019.

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