AstraZeneca investment
August 29, 2012
THIS week AstraZeneca Australia’s
North Ryde production site received
the first of four specialised
production lines.
The move is part of the company’s
$80 million investment in new
manufacturing lines to meet a rise
in demand from China.
This investment is expected to
generate $250m of drug exports to
China by the end of the decade.
The first lot of machinery, titled
Respules 4010 line, has the capacity
to produce 60 million units every
year of a medication called
Pulmicort Respules, for asthma.
The medicine will be produced in
Australia specifically for the
burgeoning Chinese market, where
demand for the product is rapidly
on the rise.
The Chinese Government licenses
just one global site for the export of
individual products, with
AstraZeneca having scooped the
sole suppliership with China for
Pulmicort Respules.
It is expected that by the middle
of the decade AstraZeneca’s site
will be producing 360 million units
for the Chinese market.
“The arrival of this line is a
landmark day not only for
AstraZeneca but for the many local
businesses that will benefit as a
result of our investment,” said Mark
Fladrich, MD of AstraZeneca
Australia.
“Despite the high Australian
dollar, and the trend for
manufacturing businesses to
relocate to Asian countries where
costs are lower, we’re actually
investing and expanding our
manufacturing operations with
locally manufactured equipment
which is good for the economy and
good for jobs,” he added.
According to Fladrich, the
investment will benefit several
local businesses, from plastic
manufacturers to delivery
companies that currently support
the site.
AstraZeneca estimates that for
every $1 of medicines they export,
the local economy benefits to the
tune of $1.20.
The above article was sent to subscribers in Pharmacy Daily's issue from 29 Aug 12To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 29 Aug 12
Warning: Undefined variable $flipbook_id in
/home/pharmacydaily.com.au/public_html/wp-content/themes/child-custom-theme/functions.php on line
1259
Warning: Undefined variable $o_shortcode_atts in
/home/pharmacydaily.com.au/public_html/wp-content/themes/child-custom-theme/functions.php on line
1263
Warning: Undefined variable $output in
/home/pharmacydaily.com.au/public_html/wp-content/themes/child-custom-theme/functions.php on line
1266
