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Kern Pharma to Build a New Plant in Monforte de Lemos for €33 million

Indukern is a national business group created in 1962. Its activity is focused on human and animal health through its two main companies: Kern Pharma, a pharmaceutical laboratory; and Calier, a veterinary laboratory. With a turnover of €365 million and a team of more than 1,200 professionals, it currently operates in thirteen countries with its own subsidiaries.

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Kern Pharma is investing in Galicia. The pharmaceutical laboratory of Grupo Indukern will start the construction of an injectable products plant in Monforte de Lemos (Lugo) in the first quarter of 2023. This new factory will allow it to triple its injectables manufacturing capacity and grow in the market for ethical and generic drugs, both nationally and internationally, Kern Pharma explained in a statement. The investment amounts to €33 million.

The initial investment will be earmarked for the execution of all the civil works and the start-up of the first of the four planned production areas, which will be the ampoules area. Subsequently, from 2025 onwards, the investment will be decided to start up the road line and another two dedicated to innovation projects. In addition to the manufacturing areas, the facilities will include laboratories, a logistics area, and office space. In total, the facilities will occupy an area of 14,000 square meters.

The presentation of the project took place on September 12th, at the Xunta de Galicia and was attended by the president of the autonomous community, Alfonso Rueda, and the president of the Diputación de Lugo, and the mayor of Monforte, José Tomé; who held a meeting with José Luis Díaz-Varela, founder and president of Grupo Indukern; and Raúl Díaz-Varela, vice-president of the group and president of Kern Pharma.

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Kern Pharma will start up the line of vials at its new center in Monforte de Lemos in 2025

José Luis Díaz-Varela has shown his confidence that “this plant will not only boost the growth of Kern Pharma and Grupo Indukern but will also have a positive impact on the territory, boosting the economic and social development and employment generation of the area” and has thanked all the administrations, both local and regional, for their support and collaboration to make this plant a reality: “As a Monfortino, this project is a great satisfaction for me and further strengthens the relationship of our family and that of our business group with Monforte and with Galicia.”

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For his part, Raúl Díaz-Varela remarked that “this plant is also an example of our commitment to national production; we must have a robust pharmaceutical industry that is committed to its own production plants that respond to the supply needs that have become more evident during the pandemic”. Mr. Diaz-Varela added that “the initial forecast is to start with a production of fifty million units per year of ampoules and to have a team of approximately fifty people three years after the start-up”.

Indukern is a national business group created in 1962. Its activity is focused on human and animal health through its two main companies: Kern Pharma, a pharmaceutical laboratory; and Calier, a veterinary laboratory. With a turnover of €365 million and a team of more than 1,200 professionals, it currently operates in thirteen countries with its own subsidiaries.

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(Featured image by jarmoluk via Pixabay)

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First published in PlantaDoce, a third-party contributor translated and adapted the articles from the originals. In case of discrepancy, the original will prevail.

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Desmond O’Flynn believes in minimalism and the power of beer. As a young reporter for some of the largest national publications, he has lived in the world of finance and investing for nearly three decades. He has since included world politics and the global economy in his portfolio. He also writes about entrepreneurs and small businesses, as well as innovation in fintech, gambling, and cannabis industries.

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