Drugmaker Terapia Ranbaxy, held by Indian group Ranbaxy, is putting a 9-hectare plot in Cluj up for sale and has received several offers from retailers, with another similar plot being considered by the shareholders for building a new plant.
The company's intention is older, but only recently has it managed to decontaminate the land, which cost it 3 million RON, an amount the management is hoping to recoup from the sales.
The price of land in Cluj ranges between 150 and 200 euros per square metre, according to data of local real estate agencies. At an average price of 180 euros, Terapia's plot could be put at 16.2 million euros.
Dragos Damian, the company's general manager, specified the 9 hectares are in excess and that even if there will be expansion plans, they will not involve a plot larger than one hectare. In addition to the 9 hectares of land put up for sale, the company holds another similar plot.
"For the next five years there are plans of transferring technology (moving production to Romania i.e.) which, if fulfilled, could entail building a new production facility. It remains to be seen if these optimistic plans will come true," said Damian.
He did not wish to specify what the development plan amounted to, only saying the decision to invest in a production facility is strictly dependent on this plan, which, in its current form, could entail the building of a production facility, for which Cluj could be in the cards.
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