Pharmaceutical company in FYR Macedonia invests in better working conditions for its employees

Alkaloid AD
FYR Macedonia
Thermal insulation and energy efficient windows
Investment Size
Financial results
Payback 4.5 years
Energy savings
1,127 MWh of primary energy per year
CO2 savings
319.75 tonnes of CO2 emissions per year
Improved working conditions

The company manufactures medicine, cosmetics and chemical products since nearly eight decades. It has around 1,250 employees in the country and 350 in representative offices abroad in Montenegro, Switzerland, Turkey, Ukraine, the USA and other countries. Being the leader in the region, the company maintains high production and environmental standards.

To meet the energy consumption standards and good working conditions, Alkaloid AD Skopje decided to retrofit its manufacturing site constructed in 1970 and applied to WebSEFF for the loan.
The project included thermal insulation of walls, replacement and insulation of roof and installation of energy efficient windows.
The WebSEFF team performed the project analysis, assessed its technical-economic parameters and risks to make sure the investment leads to sufficient energy savings and reduction of the CO2 emissions.
The investment allowed the company to decrease its energy bill  leading to a fast repayment of investment.
Even more important project result is that the working conditions were significantly improved, contributing to the company’s positive image and relations with the main asset of Alkaloid AD Skopje – its employees.
This project proves once again that the energy and costs’ savings may occur in all types of sectors and technologies, making it worth to explore such possibilities with the help of in-house or outsourced expertise.