AstraZeneca’s New Manufacturing Facility, Taizhou
Sector: Government • Location: China
Source: Pharmaceutical Technology
AstraZeneca started production at its a new manufacturing facility at Taizhou in Jiangsu province of China in October 2014. The facility manufactures intravenous and oral solid medicines for the Chinese market. Pharmaceutical manufacturing plant Taizhou, Jiangsu province January 2012 October 2014 $230m AstraZeneca Cockram AstraZeneca started production at its a new manufacturing facility at Taizho
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Description
Description | AstraZeneca started production at its a new manufacturing facility at Taizhou in Jiangsu province of China in October 2014. The facility manufactures intravenous and oral solid medicines for the Chinese market. Pharmaceutical manufacturing plant Taizhou, Jiangsu province January 2012 October 2014 $230m AstraZeneca Cockram AstraZeneca started production at its a new manufacturing facility at Taizhou in Jiangsu province of China in October 2014. The facility manufactures intravenous and oral solid medicines for the Chinese market. The new plant is located at China Medical City (CMC) in Taizhou. CMC is the national-level, hi-tech development zone, which is sanctioned and sponsored by the State Food and Drug Administration (SFDA), Ministry of Science and Technology, Ministry of Health, Jiangsu Provincial Government and State Administration of Traditional Chinese Medicine. It focuses on the biomedical field. The project, which was announced in October 2011, is one of the single biggest investments made by AstraZeneca to date. It involved an investment of $230m and also created approximately 1,000 jobs during peak construction. It received the ISPE Facility of the Year Award for project implementation. The plant enables the company to meet increasing demand for its products in China. It has also expanded the availability of its products to roughly 900 million people in the urban and rural communities, which traditionally had limited access to established medicines. The company adopts a multichannel approach for selling its products in rural areas. It plans to establish an inbound and outbound call centre for reaching out to healthcare professionals. The new facility freed up some capacity at the company’s existing manufacturing facility located in Wuxi, so that it could be utilised for developing new products. It also enables the company to produce more affordable new medicines for Chinese patients. The facility helps AstraZeneca to deliver innovative drugs to the Chinese healthcare market. It produces AstraZeneca’s own branded generics, as well as the generic brand of drugs of other companies. The AstraZeneca manufacturing facility at CMC is situated in a 9.2ha site, with a built-up area of approximately 51,000m² (548,959ft²) and two main production areas. The two key production areas include a sterile dry powder filling centre for injectable cephalosporin products, and an oral solid-dosage products centre. Cockram was awarded with a contract to provide procurement and construction management services for the plant. The scope of the contract includes offering construction services for two years with a 40-member professional construction crew. Astra Zeneca is a global biopharmaceutical company headquartered in London, UK. It produces innovative medicines for millions of people across the world with its operations spread over 100 countries. AstraZeneca established its presence in China in 1993. It has more than 57,500 staff working in 16 countries. The main drugs manufactured by the company in China include Losec, Betaloc, Plendil, Nexium, Crestor, Symbicort, and Iressa. In December 2011, AstraZeneca acquired Guangdong BeiKang Pharmaceutical Company, a Chinese generics manufacturing company, to enter the Chinese market for injectable medicines used to treat infections. AstraZeneca’s expansion in the country bodes well, due to the high-growth potential for pharmaceutical business in the country. Get industry leading news, data and analysis delivered to your inbox Give your business an edge with our leading industry insights. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
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Data quality score | 100% |
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