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News in brief Autumn 2016

Lek factory in Mengeš is Novartis’ largest investment in Slovenia

This July Novartis opened its first production facility for innovative drug products in Slovenia as a part of Lek's plant in Mengeš near Ljubljana. The investment in construction has amounted to over 28 million Euros and is the largest single in Slovenia ever by Novartis. Lek is a part of Sandoz, a generic drug producer within the Novartis group. In recent years, Mengeš has become an important research-development and production site for Sandoz and Novartis, with two key areas of operation: drug substances and biopharmaceuticals.

Attending the official opening of the new plant was Miro Cerar, the Prime Minister of Slovenia. Cerar stressed that Slovenia is providing a stable and reliable business environment driven by educated and qualified workers. The new ChemOps Mengeš high tech facility employs 20 people. 

 

Panasonic makes due diligence in Gorenje

Japanese corporation Panasonic conducted due diligence of Slovenian home appliances producer Gorenje. Panasonic currently has 10.74% of Gorenje's shares. The companies signed a strategic partnership agreement in 2013. Under the partnership agreement both companies share their marketing knowledge, network and distribution throughout Europe. The companies also jointly develop products like washing machines. The Gorenje Group employs over 10,600 people. The group's turnover exceeded 1.2 billion euros last year. Gorenje is Europe's eight largest home appliances company.  

 

The largest Slovenian exporters

Slovenian business daily Finance published a list of the largest Slovenian exporters in early summer. In first place, somewhat surprisingly, was GEN-I, an electricity trader which mostly markets electricity produced in the Krško nuclear power station. The value of GEN-I's exports in 2015 exceeded 1.47 billion euros – a hefty 43 percent over the company's 2014 export figure. Slovenia's pharmaceutical superstar Krka is on second place, while third place went to Revoz, Renault's factory in Slovenia. The value of exports of both companies slightly exceeded 1 billion euros – interestingly, both companies have headquarters in Novo mesto, a small town south of Ljubljana. Other companies on the top of the list: Lek (pharmaceuticals – 803 million euros of exports), HSE (electricity – 739 million euros), Gorenje (home appliances – 609 million), Impol (aluminum producer), Cimos (automotive components), Acroni (high value steel) and Hella Saturnus (automotive components). 

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