Olainfarm AS is a Latvian leading manufacturer in the chemical and pharmaceutical sector of the Baltic States. The company was founded in 1972 as state enterprise "Olaines ķīmiski – farmaceitiskā rūpnīca".

The Company Statement
August 28, 2023

Despite sanctions and other risks related to business with Russia, many Latvian companies still export to this country. Recently, the Central Statistical Bureau (CSB) published a list of businesses continuing exports to Russia after the war began. Latvian pharmaceuticals giant Olainfarm is also on the list, whose turnover data for 2022 are not available. Olainfarm sent LTV a plan to enter new markets while emphasizing that it's allowed to export medicines to Russia.

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