PUNE, India (Sept. 27, 2010)—Helvoet Pharma said it will spend $18.8 million to build a factory in India.
The facility, which will begin operating 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 company said. The groundbreaking ceremony took place on Sept. 24..
Helvoet Pharma said the facility further strengthens its market position in India.
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.