LIF might build a new laboratory in Santo Tomé city.
Santo Tomé is a city located only 9 km from Santa Fe city where LIF is the owner of eleven hectares of land.LIF made a FONDEAR* loan from the Ministry of Economy of the National Government to carry out this project.
The Ministry of Economy of the National Government gives these loans to the companies and Nación Fideicomiso SA is responsible for its administration.
At the beginning, the project has a budget of 140 millions (ARG) for building, equipment and machinery. Twenty percent will be contributed by Santa Fe Government.
Today, LIF produces 100 millions of pharmacology units (PU) per year. Through this project, LIF might reach the 400 millions of PU per year.
In one production area LIF will be able to produce hormonal tablets and common tablets in the other area.
“This project will allow us to update our infrastructure and to reach higher production volumes” said Guillermo Cleti, (LIF’s Director).
*FONDEAR: Fondo Económico Argentino.