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FINANCIAL NEWS
Egypt-PharmaPlast to launch new factories in Borg El-Arab by 2018
24 Jul 2017
(MENAFN) PharmaPlast Pharmaceutical firm proclaimed its plans to launch a new factory in the Industrial Borg El-Arab City in the coming year.
Moreover, the firm owns a piece of land of an area of 8.000 square meters, 40 percent of which will be collected for the installation of the first phase of the project.
Additionally, it also owns nine production plants in Alexandria’s Amreya dedicated to the production of burn and wound medications, while the firm”s investments in the regional market will reach USD250mn.
Meanwhile, the firm’s sales in the local market posted at almost EGP100mn, whereas the exports were recorded at USD40mn.
MENAFN2407201700450000ID1095650867
MENAFN2407201700450000ID1095650867
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