New Fermentation Plant worth 150 million Euro from BIOVET and HUVEPHARMA opens its doors in Bulgaria

(L to R) Mr. Tsvetan Simeonov, President of Bulgarian Chamber of Commerce and Industry, Dr. Boyko Takov, Executive Director of Bulgarian Small and Medium Enterprises Promotion Agency, Her Excellency Mrs. Eleonora Dimitrova, Ambassador of Bulgaria to India, Mr. Lyuben Kanchev, Deputy Minister of Tourism, Mrs. Mariyana Nikolova, Hon’ble Deputy Prime Minister of Bulgaria for Economic and Demographic Policy, Mr. O.P. Singh, Managing Director, Huvepharma SEA

January 2020 | The new fermentation plant from Biovet officially opened its doors recently. The overall investment adds up to 150 million euro made over a period of less than 2 years.

The company is part of the Huvepharma Group, the leading European producer in feed additives, enzymes, probiotics and API’s for industrial animal husbandry.

The Bulgarian company Huvepharma is a global pharmaceutical leader, focused on the production of humanitarian and veterinary medicaments, successfully offering its products in more than 100 countries worldwide.

For the official opening ceremony, in attendance were, the Prime Minister of the Republic of Bulgaria, Mr. Boyko Borisov, the Minister of Economy, Mr. Emil Karanikolov, the Minister of Finance, Mr. Vladislav Goranov, the Minister of Environment and Water, Mr. Neno Dimov, the Chairman of the Energy Committee in the 44th National Assembly, Mr. Valentin Nikolov, Mayor of Peshtera Municipality, Mr. Nikolay Zaichev, Regional Governor, Stefan Mirev and many representatives from the central and local authorities.

This project is part of the Huvepharma growth strategy, as a pharmaceutical company based in the European Union, operating on a global scale. The support of EIB, gave the company the opportunity to speed up its investments in Bulgarian production and scientific research and development, thus concreting the plans for further developing a fully integrated company with production facilities located in the European Union with sales on global markets.

The new Fermentation plant is designed and built based on the company’s more than 60 years traditions, experience, knowledge, adhering to all the principles of versatility and flexibility, using state-of-the-art equipment and technologies, and applying industry best practices and techniques.

The project was completed on green field, within 22 months and includes: a fermentation capacity of 3,500 m3 and workshops for processing and formulation of the products.

The complete energy system for the power supply includes electrical substation, production of steam and compressed air as well as the production of technical and cooling water.

Huvepharma SEA (Pune) Pvt. Ltd. takes pride in being a part of this global growth story.  Huvepharma EOOD has been keen on investing their time and technology in India.  Huvepharma SEA has been instrumental in launching Huvepharma’s product ranges from time to time.  The past couple of years have seen India emerging as one of the first markets to launch many new products from the Huvepharma stable which are unique and with high potential.

Our latest offering to the Indian subcontinent region, such as Hygiene and Disinfection range for biosecurity at various stages in poultry, dairy as well as aqua, Dietics range for poultry, Performance boosters and Rumen modifiers for dairy, Intermediates for human medicines etc., are aimed at providing top quality, globally accepted, critically evaluated and regulatory certified products to the market to ensure food safety, traceability and boost customer profits.

Reinforcing strong ties between India and Bulgaria, Mr. O.P. Singh, Managing Director, Huvepharma SEA recently had the opportunity to discuss various business issues at The Taj Palace Hotel, New Delhi and interact with the Hon’ble Deputy Prime Minister of Bulgaria for Economic and Demographic Policy, Mrs. Mariyana Nikolova, and the trade delegation that she headed on this visit to India, which included Deputy Minister of Tourism, Mr. Lyuben Kanchev, Executive Director of Bulgarian Small and Medium Enterprises Promotion Agency, Dr. Boyko Takov, President of Bulgarian Chamber of Commerce and Industry, Mr. Tsvetan Simeonov, apart from The Ambassador of the Republic of Bulgaria to India, H.E. Mrs. Eleonora Dimitrova and Minister Plenipotentiary, Head of Trade and Economic Affairs, Embassy of the Republic of Bulgaria to India, Mr. Iliya Dekov.

Hon’ble Dy. Prime Minister Mrs. Nikolova was in India with the aim of identifying new initiatives and establish partnerships to further strengthen links between Bulgaria and India. It is notable that Huvepharma is also the largest Bulgarian business partner with India.

Speaking on the occasion, Mr. Singh expressed pleasure and gratitude to the Hon’ble Dy. Prime Minister for the Bulgarian Government’s continued support and encouragement to the Huvepharma Group in its endeavor to upgrade and expand the production, research and testing facilities which bear a direct impact on the large animal health industry spread across the world.  In his address to the esteemed gathering, he said “Food safety and qualitative food production must be supported with all scientific products and services for the Indian consumers ensuring emerging paradigm can be met”.

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