Photo from the official website of the Kursk Region Administration

Roman Starovoyt, Acting Governor of the Kursk Region, and Evgeny Prokhoda, Director General, Phs-Leksredstva JSC, signed the memorandum to the mutual cooperation agreement between the Kursk Region Administration, Federation of Trade Unions of the Kursk Region, and the plant.

A working meeting involving Acting Governor of the Kursk Region and Director General of Phs-Leksredstva JSC was held last week. According to the Regional Administration, Phs-Leksredstva JSC is ranked amongst the Top-5 largest pharmaceutical manufacturers in Russia. It is one of the largest employers and taxpayers in the region. The plant manufactures 417 medicinal product names, 54 of which are on the Vital and Essential Drugs List.

“The agreement contains the obligations of the signing parties. And it is very important for us to see that the social commitments undertaken by the plant management are fulfilled. The plant maintains high quality of its products; it manufactures a wide range of medicinal products supplied not only across the Kursk Region but also far beyond its border. All of this makes it possible to expect further development of the company, and the regional administration will certainly support the company’s management,” said Roman Starovoyt, Acting Governor of the Kursk Region.

Photo from the official website of the Kursk Region Administration

In 2019 Phs-Leksredstva JSC is planning a 5% increase in the production output. It is also planning to attract at least RUB 500 million investments and channel them towards equipment modernization. Last year the investments into the plant’s fixed capital amounted to RUB 1.2 billion. The launch of 15 new kinds of medicinal products is expected. 

“In the recent years we have been observing technological advancement of Phs-Leksredstva JSC. I would like to note a high competitive capacity of the plant, which acts confidently both on the Russian market and outside its borders,” noted Alexey Lazarev, Chairman of Federation of Trade Unions of the Kursk Region.

As it is stated on the official website of the Kursk Region Administration, at present the company employs about 2,000 people. This year the company is planning a 4% increase in the average monthly salary and channel RUB 1.8 million towards personnel training. The new agreement stipulates funds allocation for various social programs and charity. 

Photo from the official website of the Kursk Region Administration

“As a manager, I am convinced that a person who has a low salary or works in bad conditions is unable to work well. So we pay much attention to a financial component. We also provide financial support to our veterans, as well as to our employees upon the birth of their first child... Such work is rather diverse and we assign much importance to it,” stated Evgeny Prokhoda, Director General, Phs-Leksredstva JSC. 

The manufacturer’s tax payments to the consolidated budget for 1Q 2019 amounted to RUB 574 million, including RUB 381 million to the regional budget. 

As it is stated on the official website of the Kursk Region Administration, the meeting led to the signature of the memorandum to the mutual cooperation agreement.

Photo from the official website of the Kursk Region Administration