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.
Police Charge Batons over Shia Muslims in Lucknow
Salman Khan's upcoming movie 'KICK' - promotion handled by Events N More (Mumbai)
Mohanlalganj Rape: BJP Youth Wing Conducted 'Hawan' to Purify Mulayam Singh's Mind
Varun Dhawan and Alia Bhatt visit theatres for Fans
Varun Dhawan and Alia Bhatt promotes Humpty Sharma Ki Dulhania in Pune | Watch Pictures
Picture Gallery: Premiere of 'Lekar Hum Deewana Dil'
Varun Dhawan and Alia Bhatt promote Humpty Sharma ki dulhania in Bangalore | Watch Pictures
Zareen Khan Launches an electronic brand in Mumbai
Varun Dhawan and Alia Bhatt promotes upcoming movie 'Humpty Sharma ki dulhania' at H R college
The Villains team at High Street Phoenix (Mumbai)
Saif Ali Khan,Riteish Deshmukh and others at the Press conference of the film 'Humshakal'
Rani Mukerji & other celebrities at a designer fashion store launch
Narendra Modi rare pictures - Pardaphash
Dhak Dhak Girl’s Birthday special: Madhuri Dixit Nene’s top 10 pictures
Bollywood’s sensuous assets picture | See Here
>>

Opinion Polls
Should government impose ban on Bollywood actress Sunny Leone’s porn website?
Yes
No
Can't Say

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 : 0.178 Seconds




EXCLUSIVE: Police charge batons on Shia Muslims; Kalbe Jawad blames it on Azam Khan