Local authorities in Usolye-Sibirskoye leased a land plot of about 130 hectares to JSC Pharmasyntez. The land plot is located in the industrial zone of the town and can be used for construction of pharmaceutical facilities. The lease agreement will be effective for 9 years.
In June 2016, at St. Petersburg International Economic Forum, Pharmasyntez announced its plans to build one of the largest pharmaceutical plants in Russia in Usolye-Sibirskoye Priority Social and Economic Development Area.
The estimated cost of the project is about 10 billion rubles, and the plans provide for creation of about a thousand new jobs.