JB Chemicals to set-up wholly owned subsidiary in Russia

21 Dec 2005

1

JB Chemicals & Pharmaceuticals Ltd (JBCPL) will set-up a wholly owned subsidiary, called Unique Pharmaceuticals Laboratories, in Moscow at an initial investment of $3 million.

Exports to Russia and the CIS states account for almost 45 per cent of the company''s turnover of Rs370 crore. JB Chemicals feels that a subsidiary in the region would enable it to tap the $5.5 billion (at retail prices) Russian pharmaceutical market more aggressively.

According to D B Mody, director, JBCPL, "The company plans to grow its market share in Russia and CIS countries and maintain its leadership position with introduction of new products and novel technologies in much wider therapeutic fields in near future."

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more