HELVOETSLUIJS, Netherlands (March 4, 2010)—Helvoet Pharma N.V. plans to build a factory in India, its first manufacturing site in Asia.
The producer of rubber and aluminum/plastic closures for pharmaceutical packaging, drug delivery, diagnostics and medical devices said construction of the factory in Pune, Maharashtra State, will start in the third quarter, and the unit will become operational in 2012. It will be located in a newly development industrial zone, with a secure energy supply, good transport connections and access to trained personal, and can be expanded in the future.
Helvoet Pharma said the project will cost about $19.1 million.