Joincare

active

Founded in 1992, Joincare Pharmaceutical Group Industry Co., Ltd. (“Joincare” or the “Company”) is a major manufacturer of gastroenterology, anti-biotics, respiratory and psychiatry chemical drugs, active pharmaceutical ingredients (API) and pharmaceutical intermediates, health supplements, amongst other pharmaceutical products. Headquartered in Shenzhen, China, the Company is listed on the Shanghai Stock Exchange (SHA 600380) with directly operated manufacturing and research & development (R&D) facilities across China. The Company sells its products in China as well as to overseas markets. IFC is considering an A Loan of up to US$100 million, to support the Company in  the following areas (together the “Project”) as part of the Company’s expansion plan: (1) production of pharmaceutical APIs at a greenfield facility in Jiaozuo, Henan province, China (Location coordinates: 35.254208, 113.343942); (2) production of finished-formulation respiratory and anti-viral-infection drugs at a greenfield facility to be constructed in Zhuhai Aviation Industrial Park, Guangdong province, China (Location coordinates: 22.054585, 113.318865), and (3) working capital and other capital needs, related to key therapeutic areas. The Jiaozuo and Zhuhai greenfield facilities are both currently at early pre-detailed-design stage.