Farmexim completes EUR 16 mln logistics center near Bucharest

Romania’s Farmexim, the drugs importer and distributor, has opened this January a new logistics center in Balotesti locality, following a EUR 16 million investment.

The center spans 15,000 sqm and has a storage capacity of over 6,000 pallets, which can accommodate over 11,000 different articles.

“In 2014 we aim to continue the development pace registered up to now and increase our turnover by at least 10 percent in the retail segment,” said Ovidiu Buluc, Farmexim’s general manager.

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The distributor, which is part of the Farmexim group, reported a 17 percent gain in the gross turnover to around EUR 340 million last year, while profits expanded by 50 percent.

The group also includes pharmacy chains Help Net and beauty products importer and distributor Green Net.

Farmexim has a portfolio of over 5,500 products and has partnerships with over 250 drugs producers in Romania and abroad. Its client portfolio comprises 3,500 pharmacies and over 400 hospitals.

Ovidiu Posirca