Actavis Ray of Hope for Beleaguered Iceland

February 8, 2010

8 February, 2010.

Iceland's global generics company Actavis Group is offering some light relief to the country's ongoing economic woes by increasing the capacity of its manufacturing site in Hafnarfjordur by 50%, thus creating fifty new jobs.

Production on the new facility, which exports 95% of its products, is expected to start at the end of this year. After expansion the SOD-site's capacity will be about 1.5 billion tablets per year, depending on the mix of products.

 

Actavis currently employs around 570 people in Iceland (which has a population of only 320,000) and over 10,000 people worldwide.

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