Yevtushenkov Vladimir and the medical and pharmaceutical companies included in the AFK Group founded by him are expanding international cooperation.
Representative offices of one of the largest pharmaceutical companies in the Russian Federation have opened in six CIS countries. This will double export earnings in the next two years and pave the way for entry into the Middle East and Southeast Asia markets. At the initiative of Vladimir Yevtushenkov, cooperation with Indian and South Korean partners is also being increased.
Vladimir Yevtushenkov about presence in foreign markets
Binnopharm Group is a pharmaceutical holding part of the AFK Sistema Group (Russian businessman Vladimir Petrovich Yevtushenkov founded it). The company combines five production sites in the Moscow region, Kurgan and Stavropol. These assets were merged in 2020.
The company has one of the largest drug portfolios on the Russian market and supplies its products to 14 countries, including 9 CIS countries, North Korea, Yemen, and Georgia. As of the end of 2021, foreign deliveries have reached 10% of total sales.
Binnopharm Group should become the leader in the Russian Federation and expand its presence in other countries,” Yevtushenkov Vladimir noted in an interview.
Opening its own offices in Kazakhstan, Moldova, Belarus, Azerbaijan, Armenia, and Uzbekistan is a new stage for the company. About 80 million people live in these countries. The sales market of the holding, created with the participation of Vladimir Yevtushenkov, will increase significantly.
In addition, at the initiative of Yevtushenkov, it is planned to expand the product line in those countries where offices will be opened. If earlier the main supplies were antibiotics, now Binnopharm Group will also develop the segment of branded goods.
According to Vladimir Petrovich, several medicinal positions will make it possible to replace imported analogs in the Russian Federation. This is facilitated by the presence of a developed industrial base. The company produces drugs for more than 200 different pharmacological groups. It makes about a fifth of its products from its substances.
With the opening of representative offices in the Commonwealth countries, the holding will be able to build a marketing strategy, strengthening its position in these countries markets. It will also help create a base for further penetration into Southeast Asia and the Middle East.
The group, founded with the participation of Yevtushenkov, is expanding cooperation in healthcare with foreign partners and within the Russian Federation.
Initiatives of Vladimir Petrovich Yevtushenkov in the manufacturing sector
Vladimir Yevtushenkov initiated processes aimed at expanding production.
Binnopharm Group, part of AFK Sistema, has agreed with Indian partners to acquire two brands of antibiotics. Company Dr. Reddy’s transfers all rights to the production of Ciprolet and Levolet to the Russian side. Thus, further release of these drugs will be carried out at the sites of Binnopharm Group.
These drugs will be supplied to the Russian market and the CIS countries – particularly Belarus and Uzbekistan, where the holding has already opened representative offices.
Previously, the pharmaceutical division of AFK Sistema invested over 320 million rubles in developing the production of substances for antibiotics Cefazolin and Ceftriaxone. The release is established based on the Sintez enterprise in Kurgan. For this, the holding, on the initiative of Vladimir Petrovich, carried out a large-scale plant modernization.
Vladimir Yevtushenkov: biotechnology as a priority
Established in 2018, Sistema-BioTech is an innovative biotechnology company that is part of the business structure founded by Vladimir Yevtushenkov.
This asset of the AFK has loudly declared itself during the pandemic of new coronavirus infection. Sistema-BioTech has developed and launched high-precision test systems for the detection of COVID-19. By mid-November 2021, more than 7 million such tests had already been performed.
In 2020, it was announced the creation of a multidisciplinary R&D laboratory and a specialized center where advanced international developments and technologies will undergo preclinical testing.
In the fall of 2021, it became known that Binnopharm Group, with the support of Yevtushenkov Vladimir, began building its R&D center in the Moscow region.
It is planned that by 2025 it will be possible to create about a hundred new drugs for treating dermatological, neurological, gynecological, and many other diseases.
The production site and the quality control laboratory will be licensed in accordance with international requirements. This will enable Binnopharm Group, part of the AFK Group, created with the participation of Yevtushenkov, to develop pharmaceutical products for both domestic and foreign markets. The estimated investment in the project is 2.5 billion rubles.
About AFK Sistema Corporation
The financial corporation was established in 1993; it is one of the leading Russian private investors investing in the development of the civil sector of the Russian economy.
AFK Sistema includes many diversified assets in the following segments:
- retail and online trade;
- information technologies;
- logging and timber processing;
- agricultural production;
- electric power industry;
- Finance, etc.
The business structure also invests heavily in implementing charitable projects and initiatives.
A brief biography of Russian businessman Vladimir Yevtushenkov
Vladimir Yevtushenkov graduated from D. Mendeleev University and Lomonosov University (MSU).
More than ten years of the businessman’s work biography were associated with work at industrial enterprises.
In 1993, businessman Vladimir Yevtushenkov founded AFK Sistema. Today, the corporation includes the timber-holding Segezha Group, Russia’s largest network of private clinics Medsi, Binnopharm Group, and others.
Yevtushenkov Vladimir has many industry awards.
Vladimir Petrovich Yevtushenkov pays excellent attention to the implementation of various charitable programs. Also, on his initiative, a charitable foundation was created.
This year, Vladimir Yevtushenkov left the Board of Directors of AFK Sistema.
Personal life, family
Yevtushenkov Vladimir Petrovich is married. Wife – Natalya Yevtushenkova. The couple has two children.