Helvoet Pharma breaks ground on Indian plant
ERJ staff report (DS)
Pune, India -- Helvoet Pharma is to build a Euro 14 million production facility in India. This new plant will begin operation in 2012 and will supply the local pharmaceutical industry and globally operating pharmaceutical customers with components for primary packaging for parenteral pharmaceutical and diagnostic drugs. The groundbreaking ceremony took place on September 24th.
Helvoet said in a news release, "With this facility, Helvoet Pharma is further strengthening its market position in India and establishing its first operational platform in Asia to further capitalise on its worldwide leadership in pharmaceutical rubber formulations." The new plant will be located near Pune (Maharashtra state) in a newly developed MIDC Special Economic zone with a secure energy supply, good transport connections and access to trained personnel. If required, the new facility can be expanded modularly in the future.
Over the next two years, Helvoet Pharma will spend some 14 million Euros. Construction work for the greenfield production facility will start in the coming weeks.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Press release from Helvoet Pharma
This article is only available to subscribers - subscribe today
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
- Every issue of European Rubber Journal (6 issues) including Special Reports & Maps.
- Unlimited access to ERJ articles online
- Daily email newsletter – the latest news direct to your inbox
- Access to the ERJ online archive