The increase is expected from sales both in Ukraine and on export markets. This year, according to the Company’s forecasts, the share of exports will be 33%. In 2017, Farmak’s share of sales on foreign markets was 31%.
According to the results of the first half of 2018, Farmak JSC’s export volume increased by 13% due to the increase in supplies to Uzbekistan by 20%, Belarus by 124%, Kazakhstan by 13%, Kyrgyzstan by 16%, as compared with the first half of 2017. At the same time, the volume of sales to the Russian Federation remained at the level of 2017.
“We strive to increase the Company’s export potential, while retaining our leadership positions in Ukraine. This will help increase production volumes, create new jobs, increase the amount of taxes paid. For Farmak, the EU and Asian markets remain the priority”, said Volodymyr Kostiuk, Executive Director of Farmak JSC.
Overall, in 2017, exports amounted to USD 70 million. At year-end, Poland, Uzbekistan and Russia prevailed in the foreign sales structure. In particular, sales to Poland amounted to 28.3% of Farmak JSC’s total exports, to Uzbekistan – 20.9%, and to Russia – 16.7%.
This was discussed during the Fourth Meeting of the High-Level Dialogue Ukraine-EU on Horizontal Issues and Specific Industrial Sectors The event was held on March 16 in Kyiv with the participation of representatives of 6 ministries and services of the Cabinet of Ministers of Ukraine, high-ranking officials from the European Commission, as well as representa...
The President of the European Bank for Reconstruction and Development has met the Senior Management of Farmak as part of her two-day visit to Kyiv. A tour of the plant and an assessment of the manufacturing lines financed by the EBRD were a key part of the event. Farmak has been cooperating with the EBRD […]
The Company has become a participant of the Programme launched by the United Nations Global Compact for the second time. The training participants generate solutions for the current challenges in sustainable development. The companies participating in the Programme are represented by the teams consisting of up to three innovators and one champion. Innovators...