Sinopharm kicks off first facilities in Vietnam

China’s biggest pharmaceutical company Sinopharm is set to start construction of its first facilities in Vietnam in March 2011 as scheduled in Hanoi’ Hoa Lac Hi-tech Park.

Sinopharm received an investment certificate in October, 2010 for its two factories with total investment capital of $76 million on 6.7 hectares including a medical disposable factory with investment capital of $25 million capable of producing 30 million packs a year. The construction will be completed during in 2013.

The Chinese firm’s another vaccine factory in Vietnam which has investment capital of $51 million and is capable of producing 30 million doses a year, is scheduled to complete construction during 2013-2015.

The investor is also asking for licence to build a herbal medicine factory with investment capital of $30 million for its third phase in the hi-tech park.

Han Tuan Anh, head administrative officer of FPT Hoa Lac, which develops the infrastructure network for the Hoa Lac High-tech Park (HHTP), said this project had become the largest one in term of investment capital in the park and would help the park attract more suppliers in the sector.

At present, there are more than 40 investors executing procedures to build their facilities in the park, which is home to 41 projects with total registered capital of over $1 billion. – VIR

Tags: Sinopharm, Sinopharm Vietnam

Posted by VBN on Dec 29 2010. Filed under Health & Drugs. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry