Home Nation World Business Politics Odd & Weird Region Entertainment Education
HINDI


AstraZeneca to invest $200 mn in Chinese company




Published by:
Published on: Thu, 05 Jan 2012 at 07:41 IST
AstraZeneca to invest $200 mn in Chinese company
Beijing: British drugmaker AstraZeneca is showing interest in eastern China's manufacturing plant and will invest $200 million in it, as per the government. It is Britain's second largest drugmaking company.

This will be the company's largest investment in a single facility. The construction started on Wednesday at China Medical City in Taizhou in Zhejiang province.

According to the reports, it will produce both intravenous and oral solid medicines for the company's growing business in China.

The plant will be ready by 2013. It is set to earn six billion yuan ($950 million) annually after it starts operation.

The company's business in China has grown rapidly since it first launched operations in the country in 1993.

"We believe the Chinese government's focus on the healthcare reform, its investment in improving the healthcare infrastructure, and expansion of insurance coverage will continue to drive growth and demand for high-quality medicine over the long-term," David Smith, executive vice-president of the London-based drugmaker, said.
Madhuri Dixit visits Lucknow to dedicate Literature Carnival to Child Rights
Akhilesh Yadav launches Modern Police Control Room, 1090 app for better UP
Kim Kardashian Exposes Deep Cleavage at Perfume Launch Event in Melbourne
Hot South Actress Nayanthara
Salman Khan, Shahrukh Khan reunite for sister Arpita Khan
Kim Kardashian strips for top Magazine Covers
Sensational Poonam Pandey in Viru's 'Malini & Co'
Kim Kardashian flaunts nudity for PAPER magazine
Sunny Leone defines sexiness in Saree
Nandna Sen, Randeep Hooda passionate love making images from Rang Rasiya
Fire engulfs cracker market at Dussehra Ground in Faridabad
Tamanchey stars Richa Chadda, Nikhil Dwivedi promote their film in Lucknow
Samajwadi Party's National Convention Day 2014
UP CM Akhilesh Yadav lays foundation stone of Lucknow Metro
Ramleela fervor grips Lucknow people
>>

Related Stories:-


Opinion Polls
Who is the most popular Bigg Boss 8 contestant?
Karishma Tanna
Diandra Soares
Sushant Digvikar
Pritam Singh
Minissha Lamba
Arya Babbar
Natasha Stankovic
Soni Singh
Puneet Issar
Gautam Gulati
Praneet Bhatt
Sonali Raut
Ali Quli Mirza
Upen Patel

Pardaphash name, logo and all associated elements ® and © 2011 Mahakaal News Management Pvt. Ltd.
All rights reserved. Pardaphash and the Pardaphash logo are registered marks of Mahakaal News management Pvt. Ltd.
Pardaphash is hosted with Enzoo could compute engine.
Valid XHTML 1.0 Transitional
This page is generated in : 0.01 Seconds




EXCLUSIVE: Uttar Pradesh marching on path of development: Alok Ranjan (INTERVIEW)