corp_html/news/47.html

<p align="center"><b>In line with strategic orientation to pharmaceuticals as 
  its core business, PLIVA d.d. (hereinafter PLIVA) has established yet another 
  subsidiary - VETERINA d.o.o. (hereinafter VETERINA)</b></p>
<p align="center"> <b>VETERINA d.o.o. Established</b></p>
<p> Having redesigned its key business processes and defined a new vision and 
  business strategy, PLIVA has laid strong foundations for being a modern pharmaceutical 
  company oriented to Europe and the rest of the world. Based on strategic orientation 
  to pharmaceuticals as its core business, PLIVA has decided to spin off its Animal 
  Health & Agrochemicals business segment into an independent company in its full 
  ownership.</p>
<p> The newly founded company VETERINA shall start its independent operations 
  as of 1 January 2001. Mr. Nenad Stiglic, D.V.M., will be the president of VETERINA's 
  management board. The company is seated in Kalinovica, Svetonedjeljska, but 
  will, till further notice, conduct its business from the current address: Zagreb, 
  Ulica grada Vukovara 49. </p>
<p>All existing products from the range of biological and chemopharmaceutical 
  products, as well as feed additives, disinfectants, pest and rodent control, 
  and plant protectants shall remain in the VETERINA's portfolio under their registered 
  names. </p>
<p>PLIVA believes that the veterinary production spin off will repeat the success 
  of cosmetics and foodstuffs segments' spin off and that VETERINA, like CEDEVITA 
  d.o.o. and NEVA d.o.o., will assume an equally prominent position on the Croatian 
  and neighbouring markets. </p>
<p>VETERINA shall further develop close relations with its customers in desire 
  to meet their specific needs in the field of animal health protection and to 
  upgrade agricultural production as a precondition for health food production 
  and human health protection. </p>
<p>Nenad Stiglic, the former director of Animal Health & Agrochemicals business 
  segment, and now the president of VETERINA d.o.o. management board, commented: 
  "Establishment of VETERINA d.o.o. will help us develop and upgrade our core 
  business in a more transparent manner than before. A new organisation and independence 
  of management will give VETERINA more flexibility and opportunity to promptly 
  respond to the changing environment and thus become more attractive and interesting 
  to potential strategic partners". </p>
1	<p align="center"><b>In line with strategic orientation to pharmaceuticals as
2	its core business, PLIVA d.d. (hereinafter PLIVA) has established yet another
3	subsidiary - VETERINA d.o.o. (hereinafter VETERINA)</b></p>
4	<p align="center"> <b>VETERINA d.o.o. Established</b></p>
5	<p> Having redesigned its key business processes and defined a new vision and
6	business strategy, PLIVA has laid strong foundations for being a modern pharmaceutical
7	company oriented to Europe and the rest of the world. Based on strategic orientation
8	to pharmaceuticals as its core business, PLIVA has decided to spin off its Animal
9	Health & Agrochemicals business segment into an independent company in its full
10	ownership.</p>
11	<p> The newly founded company VETERINA shall start its independent operations
12	as of 1 January 2001. Mr. Nenad Stiglic, D.V.M., will be the president of VETERINA's
13	management board. The company is seated in Kalinovica, Svetonedjeljska, but
14	will, till further notice, conduct its business from the current address: Zagreb,
15	Ulica grada Vukovara 49. </p>
16	<p>All existing products from the range of biological and chemopharmaceutical
17	products, as well as feed additives, disinfectants, pest and rodent control,
18	and plant protectants shall remain in the VETERINA's portfolio under their registered
19	names. </p>
20	<p>PLIVA believes that the veterinary production spin off will repeat the success
21	of cosmetics and foodstuffs segments' spin off and that VETERINA, like CEDEVITA
22	d.o.o. and NEVA d.o.o., will assume an equally prominent position on the Croatian
23	and neighbouring markets. </p>
24	<p>VETERINA shall further develop close relations with its customers in desire
25	to meet their specific needs in the field of animal health protection and to
26	upgrade agricultural production as a precondition for health food production
27	and human health protection. </p>
28	<p>Nenad Stiglic, the former director of Animal Health & Agrochemicals business
29	segment, and now the president of VETERINA d.o.o. management board, commented:
30	"Establishment of VETERINA d.o.o. will help us develop and upgrade our core
31	business in a more transparent manner than before. A new organisation and independence
32	of management will give VETERINA more flexibility and opportunity to promptly
33	respond to the changing environment and thus become more attractive and interesting
34	to potential strategic partners". </p>