India builds 200 million USD insulin company in Malaysia
India’s biggest biopharmaceutical company, Biocon Ltd, is building a plant to produce insulin for diabetics in Malaysia.
India’s biggest biopharmaceutical company, Biocon Ltd, is building a plant to produce insulin for diabetics in Malaysia.
It started the plant’s construction in Johor in mid-2012, pumping 160 million USD into the venture’s first phase, said President of Marketing at Biocon Ravi Limaye.
The company will invest an additional 40 million USD into phase 2 of the plant, depending on the matching capacity requirements, Ravi said.
The state-of-the-art manufacturing facility in Johor will boost Biocon’s producing capacity, making it the world’s third largest insulin supplier.
Chief Executive Officer of CCM Leonard Ariff Abdul Shatar believed that cooperating with Biocon will bring value to the country’s 21 million USD insulin market.
Biocon Ltd is cooperating with Chemical Company of Malaysia Bhd (CCM) to sell Insugen and Insupen in the country in 2015.
According the Malaysian Ministry of Health, around 3 million Malaysian adults are diabetics.-VNA
It started the plant’s construction in Johor in mid-2012, pumping 160 million USD into the venture’s first phase, said President of Marketing at Biocon Ravi Limaye.
The company will invest an additional 40 million USD into phase 2 of the plant, depending on the matching capacity requirements, Ravi said.
The state-of-the-art manufacturing facility in Johor will boost Biocon’s producing capacity, making it the world’s third largest insulin supplier.
Chief Executive Officer of CCM Leonard Ariff Abdul Shatar believed that cooperating with Biocon will bring value to the country’s 21 million USD insulin market.
Biocon Ltd is cooperating with Chemical Company of Malaysia Bhd (CCM) to sell Insugen and Insupen in the country in 2015.
According the Malaysian Ministry of Health, around 3 million Malaysian adults are diabetics.-VNA
You should also see
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pool of both domestic and international investors for socio-economic development.
See more
World
Indonesia’s coffee exports surpass imports
Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, the Central Statistics Agency (BPS) has reported.
World
Thailand expects wave of tourists during Golden Week
The Tourism Authority of Thailand (TAT) estimates that about 996,000 foreign tourists will visit the Southeast Asian country between April 26 and May 5, known as the Golden Week holidays in Japan, during which Chinese tourists also prefer to travel overseas.
World
Argentinian media praises Dien Bien Phu Victory
Argentinian newspapers have called Vietnam's Dien Bien Phu Victory (May 7, 1954) a symbol of the national liberation movement of oppressed and colonialised peoples worldwide.
World
Laos speeds up granting licences to foreign workers
Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
