Argentina’s Adium group is growing in Latin America. The company has announced the biggest expansion yet of its industrial plant in Paraguay with an investment of over US$ 60 million. An event held today was attended by the country’s president, Santiago Peña.
The industrial strength of Argentina’s pharmaceutical companies is consolidating and expanding in Latin America. The latest demonstration of this is the drugmaker Adium, which this week announced a major investment in its plant in Paraguay at an event attended by the country’s president, Santiago Peña.
The plant is located in the city of Fernando de la Mora, in the Central Department of Paraguay. More than US$60 million will be invested there – the largest investment the company has made in Paraguay since it began operations under the name FAPASA in 1975.
The ribbon-cutting ceremony took place on Monday morning, March 16, with the presence of the company’s founder, Julio Rodriguez Espósito, reflecting the importance of the initiative. Also present were group CEO Patricio Rodriguez, General Manager for Paraguay and Bolivia Henry Lobo Romero, and the VP of Operations Patricia Beiro. The event was also attended by Adolfo Gomez, Corporate Manager of Industrial Operations; Federico Langguth, Corporate Manager of Industrial Engineering; Carlos Rinaldi, Director of Adium’s Paraguayan plant; and Marcelo Pilotto, Regional CFO, among other government and company officials. See Press Release
The company says more than 8,000 m² of new infrastructure will be added, tripling the production capacity of liquids, semi-solids, solids, and injectables. The aim is to consolidate exports to various markets in the region, with 90% of production destined for 18 Latin American markets. During the ceremony, President Peña highlighted the significance of the investment for Paraguay’s industrial development and praised the company’s confidence in Paraguay as a regional production hub.
During the event, company officials stressed that the expansion will strengthen Paraguay’s role within the Argentine group’s Latin American industrial network, boosting innovation, technology transfer and the creation of skilled jobs. President Peña declared that sustainable economic growth is built on trust, private investment, and collaboration between the public and private sectors. He emphasized that Paraguay continues to strengthen its institutions and macroeconomic conditions to attract investments that generate greater opportunities for Paraguayans.
During the main event, Rodríguez, CEO and member of the Board of Directors, emphasized the strategic nature of Adium’s investment. He described the expansion of the plant in Paraguay as part of a strategy aimed at bringing innovation closer to doctors and patients, expanding Latin American production capacity, and contributing to greater healthcare autonomy in the region.
Henry Lobo, General Manager of Adium Paraguay and Bolivia, said the expansion represented a decisive step in strengthening Paraguay’s position within the regional pharmaceutical sector. He noted that Adium Paraguay currently employs 800 people and that the expansion will generate up to 200 new direct jobs when the plant reaches full operational capacity. He emphasized that the project’s development was made possible by the sustained collaboration between the private sector and the Paraguayan government, as well as a favorable environment for industrial investment.
At home in Argentina, Adium last year announced a US$60 million investment plan in its plant in the province of San Juan. This capital injection is intended to expand the current installed capacity of 50 million units a year by 60%. This capacity is concentrated in solid dosage forms, such as tablets, hard capsules and granulated powders, among others. In addition to Argentina and Paraguay, the company has manufacturing facilities in Brazil, Mexico, and Uruguay. See news on the San Juan expansion in Spanish
The group recently held its Latin American summit in Montevideo, Uruguay. The meeting aimed to align priorities, share perspectives on the context of health in Latin America and strengthen the company’s way of working. See Adium Latin America Summit in Spanish
