Unichem to set up formulation plant at Sikkim
MUMBAI:22 JULY 2009
Unichem Laboratories plans to set up a formulation plant at Sikkim, a top company official said on Wednesday.
“The company will set up a formulation plant at Sikkim at a cost of Rs 32 crore. The facility will be operational by next year and basically cater to the eastern and north-eastern markets,” Unichem Labs Chairman, Mr Prakash Mody told shareholders at the company's annual general meeting here.
The company's export-oriented Active Pharmaceutical Ingredients (APIs) has remained a thrust area and Unichem has added world-class multi-purpose manufacturing units at its plants at Roha, Maharashtra and Pithampur, Madhya Pradesh, Mr Mody said.
Unichem' total capex is estimated at Rs 100 crore. The expansion programme will be completed within a year and the funds will come from internal generation, he said.
“With these investments in manufacturing, Unichem has reached the threshold where there will not be any manufacturing constraints for both domestic and international markets,” Mr Mody said. - PTI
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