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President Luis Abinader was at the inauguration of the Lam-Grob Pharma production plant where he announced record direct foreign investments are expected for the second quarter of 2022. He attributed this to the projected stabilization of commodities at the international level.

LAM-Grob Pharma production plant is a RD$3 billion investment that has created 500 new jobs. The company is expanding with the building of the biological products unit of LAM Laboratories. Lam Laboratories already employs 800.

The new 10,000 square meter manufacturing plant is located in a company area of 20,000 square meters in eastern Santo Domingo’s Cyberpark Free Zone.

Abinader spoke of how the area of biologicals and vaccines is a major step forward for Dominican health and technology.

The founder of Laboratorios LAM, Jordi García Coste; its president, Pavel...

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