Econostrum | Economic News in the Mediterranean
     

Teriak obtains a loan of 5 million Tunisian dinars from the EBRD and Attijari bank Tunisia


Written by Frédéric Dubessy on Thursday, May 19th 2022 à 15:15 | Read 341 times



Teriak manufactures for large multinationals but also has its own range of generics (photo:Teriak)
Teriak manufactures for large multinationals but also has its own range of generics (photo:Teriak)
TUNISIA. The Tunisian company Teriak is to benefit from 5 million Tunisian dinars (€1.55m) of new money to improve its productivity and increase its energy efficiency. This sum is provided thanks to a loan from the European Bank for Reconstruction and Development (EBRD) in association with Attijari bank Tunisia, through a Risk Sharing Framework defined in 2020.

The pharmaceutical subsidiary of the Kilani group, founded by brothers Lassaad and Rafik Kilani in 1986, Teriak (created in 1996 and based in Tunis-Carthage) has four production sites in Jebel Ouest (32 km south-west of Tunis) and El Fejja (La Manouba, a north-western suburb of Tunis) in Tunisia, as well as two of the company Cinpharm, ex-Cadyst Invest, which was bought by the Kilani group in 2015, in Douala (Cameroon) and Abidjan (Ivory Coast).

On Tunisian soil, tablets, coated tablets, powder in sachets, sachets of liquids, capsules, dry syrups, syrups, suspensions, ointments, suppositories (Jebel Ouest) and capsules for inhalation and sterile forms (El Fejja) are manufactured. Teriak works under licence from large multinationals, but also supplies a range of generic products, particularly in therapeutic areas such as cardiology, neuropsychiatry, gastroenterology and oncology. It exports to North Africa, sub-Saharan Africa and the Middle East.

Acquisition of new machines

The 5 million Tunisian dinars will enable the company to acquire new machines and equipment, as well as to undertake maintenance work on its Jebal Ouest site. In particular, the company will renovate its wastewater treatment unit and steam boiler and install an automated energy management system.

In May 2019, Tiriak had obtained a total of €4 million in the form of a loan from the EBRD (11.7 million Tunisian dinars), technical assistance and a grant from the European Union (€0.5 million) linked to the European Neighbourhood and Enlargement Policy and its component of strengthening value chains and the competitiveness of SMEs.



In the same section
< >

Thursday, May 5th 2022 - 10:25 Libyan oil port of Zouetina resumes operations

Thursday, April 28th 2022 - 18:05 Gas further cools relations between Algeria and Spain


   Partners









About Econostrum.info Econostrum.info is an independent media that deals with the daily economic news of the countries bordering the Mediterranean. Economic cooperation, business news by sector (Industry, Services, Transport, Environment, Society/Institutions), thematic files, airport news, airlines and shipping companies (new destinations)... are treated and analysed by a team of journalists present in the Mediterranean basin. Subscribe to Econostrum.info To be the first to know, with unlimited access to all articles. To receive the weekly newsletters and special newsletters sent as soon as our files are published. Automatically renewable subscription, but the reader keeps control of it or yearly subscription. For individuals or professionals...