JSC “Grindeks” informs on business analyses regarding establishment of injections manufacturing in Latvia. The territory of Riga Free Port is considered as optional placement for the plant. The Chairman of the Council of JSC “Grindeks” Kirovs Lipmans: “The development of modern injections manufacturing plant in Latvia would be perspective and large-scale project, and would strengthen “Grindeks” position in the global pharmaceutical market. Certainly - the construction of injections manufacturing plant requires huge investments. The territory of Riga Free Port provides special economical conditions and tax allowances; therefore we evaluate the territory of Riga Free Port as an option”. According to “Grindeks” strategic plans to expand pharmaceutical holding, the manufacturing is one of priorities. The company constantly invests in modernization of infrastructure and technologies. The purchase of the injections manufacturing company is also still on the agenda, however any decisions regarding establishment or purchase of the injection plant are not taken yet. About “Grindeks” “Grindeks” is the leading pharmaceutical company in the Baltic States. The main directions of its operation are research, development, manufacturing and sales of original products, as well as generics and active pharmaceutical ingredients. “Grindeks” specializes in the heart and cardiovascular, psychotropic and anti-cancer therapeutic groups of medications. “Grindeks” concern consists of four subsidiary companies in Latvia, Estonia and Russia; as well as representatives and representative offices in 14 countries. Products of the company are exported to more than 40 countries and its export comprises more than 96% of the total turnover. The main markets are the Baltic States, Russia and other CIS countries, as well as Japan and USA. The shares of JSC „Grindeks” are listed in the Official List of “NASDAQ OMX Riga”. You are kindly invited to www.grindeks.lv to get to know more about our company! Further information: Laila Kļaviņa Head of the Communications Department JSC “Grindeks” Phones: (+371) 67083370, (+371) 29256012 Fax: (+371) 67083505 E-mail: laila.klavina@grindeks.lv