Krka Spells Out Chinese Potential With Plans To Double Portfolio In 2022
Slovenian Firm Also Plans To Regroup In West Europe After 11% Sales Tumble
Alongside discussing the firm’s preliminary financial results for 2021, Krka management explained how the company planned to make further inroads in China in 2022 and return to its 2020 revenue baseline in West Europe, following a dip last year.
You may also be interested in...
Slovenian firm Krka wishes to strengthen and optimize its vertically integrated business model over the next five years, just one of many goals just published by the company under a new business plan to 2026.
Slovenia’s Krka saw business boom as it rushed to supply the demand created by the coronavirus pandemic, while reaping the benefits from its vertically integrated business model. CEO and president of the management board Jože Colarič has just been appointed for another six-year term.
Krka says it is making progress with its operations in China, after the Slovenian firm revealed initial short-term goals for its local business. The company established its Ningbo Krka Menovo joint venture with Chinese player Ningbo Menovo late last year (Generics bulletin, 24 November 2017, page 3).