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.
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Press release from Helvoet Pharma