Sta­da to place $50M+ in­vest­ment in a new fa­cil­i­ty in Ro­ma­nia

While Ro­ma­nia may con­jure up im­ages of vast moun­tain ranges and tales of me­dieval kings, one gener­ic man­u­fac­tur­er has bro­ken ground on a new fa­cil­i­ty there.

Ger­man phar­ma com­pa­ny Sta­da said Mon­day that it has placed a €50 mil­lion ($51.9 mil­lion) in­vest­ment in­to a 100,000 square-me­ter (1.08 mil­lion square-foot) site in Tur­da, Ro­ma­nia, a city in the South­east of the coun­try. Ac­cord­ing to a Sta­da spokesper­son in an email to End­points News, the com­pa­ny has de­vel­oped on­ly 281,500 square feet of the site so far.

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