The Chemical Pharmaceutical Company From Madrid, Covex Selected As An Example Of Environmental Management

The Madrid Ministry of Environment has selected Covex as a company that sets an example in terms of environmental management. An official delegation from Turkey visits Covex´s facilities and is received at the Town Councils of Colmenar Viejo and Tr

An event took place in the municipalities of Tres Cantos and Colmenar Viejo in which a delegation from the Republic of Turkey, presided by Mr Eyup Yahsi, Deputy General Director from the Turkish Ministry of Environment and Forestry, was shown the waste treatment system and environmental management used by these towns from the north of Madrid. A visit was made to the chemical pharmaceutical company COVEX, which had been chosen by the Madrid authorities as an example of waste elimination and management. The visit from the delegation of the Turkish Ministry of Environment forms part of cooperation programs signed between Poland, Portugal and Spain intended to offer useful advice to the Turkish government regarding the implementation of European legislation, with a particular focus on putting into practice Law 16/2002 as developed by the European IPPC (International Plant Protection Convention).

Participating in the conference held at the Tres Cantos Town Council were Mr Juan Carlos Castro Díaz representing the Madrid Ministry of Environment, and Dr. Fernando Calvo who gave a presentational account of Covex´s trajectory in terms of its adaptation to the environmental legislation.

As Dr. Calvo explained, in the year 2006 Covex S.A. applied for the Integrated Environmental Authorization in pursuance to the Law 16/2002 which sets out the environmental management guidelines throughout the whole company, and he informed about the steps followed to obtain it. On its part, the town council of Colmenar Viejo, where there is a high concentration of industrial activity, described its local waste treatment and elimination system, which is one of the most advanced in the region.

ABOUT COVEX, S.A.- Covex, S.A. is the chemical pharmaceutical company which produces, amongst other commodities, the medicinal drug Vinpocetine®. It exports 99% of its goods, raw material and finished product, to over 70 countries.

Vinpocetine® is an active drug effective in the Central Nervous System, acting upon degenerative neurological processes and on memory through a cerebral vasodilating action.

Covex has 38 employees, and the company owns over 150 patent and trademark registrations.

The drug Vinpocetine® is commercialized in Spain and 20 countries more, 8 of which belong to the European Union. Covex S.A, aware of the repercussion that its business can have on the natural environment, has taken on the commitment towards making its activities environmental friendly. During the year 2006 it requested the Integrated Environmental Authorization for the whole company and particularly for its water treatment system and waste management, being one of the first companies in Madrid to obtain it. Covex´s firm commitment with the environment involves the participation of all its staff to maintain it.

About COVEX S.A.

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