Dr. Ruth Oltjer, Founder and CEO of Chemi-Pharm AS
Ernst and Young Entrepreneur of the Year Award was handed over by President of Estonia T.H. Ilves to the winner of 2012 – Dr. Ruth Oltjer, founder and CEO of the Company, at gala dinner at Nokia Concert hall, 8 October. AS Chemi-Pharm produces disinfectants, cleaning and care taking substances for medical and care taking institutions and food manufacturing industry. Their products are used in hospitals, care homes and children establishments. First steps are taken in the sector of cosmetics and entering retail segment of the market.
Chemi- Pharm exports its products mainly to Latvia, Lithuania, Russia, Ukraine, Sweden, and Poland. Export goes also to Malaysia and Pakistan. 45% of the volume is marketed in Estonia. The first economic crisis hit the company already in 1998 but left the company virtually untouched as nobody was fired sales went on based on bank guarantees and pre-payment schemes. The company is financed by its own means. B the end of the year the turnover is expected to grow 26%, and sales profit should attain 2,7 million €.
This is already a second recognition for Dr. Ruth Oltjer whose company was awarded Successful Company’s title in 2011 having Krediidiinfo’s rating AA “ very good”.
You can find the publication in Delfi.ee (estonian language with photos from the event): http://majandus.delfi.ee/news/uudised/fotod-aasta-ettevotja-on-ruth-oltjer.d?id=65237632