PROJECT

Projects

Summary of Investment Information

Project Number

34448

Company Name

RECORDATI ILAÇ SAN.VE TIC. A.S.

Date SPI Disclosed

Apr 24, 2014

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

May 27, 2014

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Mar 2, 2023

Department

Regional Industry MAS MCT

Industry

Health, Education and Life Sciences

Previous Events

Approved : Jun 6, 2014
Signed : Jun 19, 2014
Invested : Oct 16, 2014

Sector

Pharmaceuticals and Medicine

Project Description

Recordati Ilac (the “Company”), a fully owned Turkish subsidiary of Recordati S.p.A. (“Recordati” or “the Sponsor”), is one of the leaders in the Turkish pharmaceuticals market for urological and cardiovascular disorders. Recordati Ilac has an existing manufacturing plant in Istanbul, Turkey.

The Project involves establishment of a new pharmaceutical manufacturing plant in the Marmara region of Turkey, addressing the Company’s need to relocate, expand and upgrade its existing production activities.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation