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Jul 22, 2010 10:15 AM AWST
Merck Sharp & Dohme plans new site in Hangzhou
Merck Sharp & Dohme (MSD), a leading global pharmaceutical manufacturers, began work on a new manufacturing factory in east China' s Hangzhou City, Zhejiang Province on Monday as part of its expansion plan in China.
According to the local government, the first phase of the project covers 75,000 sq m of land and involves RMB700 million of investment. Total investment will surpass RMB1 billion (about US$147.6 million), making it one of its largest pharmaceutical packaging projects in recent years.
The factory is expected to start production by the first quarter of 2012 and will have an annual packaging capacity of over 300 million packs.
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