Industry & Trade
Pharco launches new $30mn-plant for medicines materials in Alexandria
Published 2016-08-24 15:02:48| Enas Shaaban, Sanaa Allam
Egypt’s leading drug manufacturer Pharco Pharmaceuticals, Inc. targets launching new plant for pharmaceutical materials in Borg El Arab, Alexandria during the coming two weeks. Speaking to Amwal Al Ghad Wednesday, President Sherine Helmy stated that the new plant has already started operating with investment cost of US$30 million but would be launched officially within the coming period by Egyptian Health Minister Ahmed Emad. The new plant is an environment-friendly one that follows all European standards and specifications related to polluter materials, the official clarified. Emad said that the new factory has been equipped with high-technology machines with investment cost of US$6 million. On other side, the chairman added that the company cooperates with the ministry to fight Hepatitis C virus (HCV) through providing four mobile clinics in a number of governorates notably Kafr el-Sheikh, Beheira, and Alexandria.
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A delegation of most effective Lebanese businessmen in Africa is set to visit Egypt by the end of May, Egyptian trade and Industry Minister Tarek Qabil stated Saturday. The visit will be on the sidelines of the Egyptian-Lebanese Cooperation Forum, in which the mission will explore Egyptian industry through visiting a number of industrial zones in Egypt. Qabil has discussed the set-to-be visit during his meeting with Speaker of the Parliament of Lebanon Nabih Berri in the attendance of Egyptian International Cooperation Minister Sahar Nasr. During the meeting, Qabil and Berri discussed means of economic cooperation with Egypt and Lebanon.
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