Discuss Detroit » Archives - July 2008 » Detroit-based pharma company hires 500+ « Previous Next »
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Youngprofessionaldetroiter
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Username: Youngprofessionaldetroiter

Post Number: 169
Registered: 07-2008
Posted on Saturday, August 16, 2008 - 11:35 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Caraco has hired 500+ employees in the last 3 years. They are located in the New Center area. Any one familiar enough with the company to do a profile on how they've beomce successful, why they chose to base themselves in the city, how they've overcome challenges of locating in the city?

YPD
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1953
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Username: 1953

Post Number: 1590
Registered: 12-2004
Posted on Saturday, August 16, 2008 - 12:20 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I think they've grown with good management and by being in a growth industry.
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Detroitrise
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Username: Detroitrise

Post Number: 3410
Registered: 09-2007
Posted on Saturday, August 16, 2008 - 12:22 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

^Don't forget the merger with Sun Pharmacheuticals (spelling).

If you go to the site & read the corporate history of the company, they were in fact struggling before the consolidation.

(Message edited by DetroitRise on August 16, 2008)
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Lnfant
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Username: Lnfant

Post Number: 112
Registered: 05-2008
Posted on Saturday, August 16, 2008 - 12:29 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

they appear to be involved with the generic drug manufacturing biz
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Digitalvision
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Username: Digitalvision

Post Number: 1111
Registered: 11-2003
Posted on Saturday, August 16, 2008 - 1:34 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I wonder what percentage of that total is in India - but I think part of it is that they sell a product that people don't ever have to come to their HQ for. Reps go out and sell products, then distributors deliver it - not to mention it's a national if not international market, so regional bias doesn't play into it.

Maybe that's the ticket.

(Message edited by digitalvision on August 16, 2008)

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