Aventis invests $5m in RI unit<\/p>\n
Adianto P. Simamora, The Jakarta Post, Jakarta<\/p>\n
PT Aventis Pharma, the largest foreign pharmaceutical company
\noperating in Indonesia, said it was investing US$5 million to
\nupgrade its production facility in a bid to strengthen its
\noperations here.<\/p>\n
President of Aventis Pharma Homayoun Madjrouh said on
\nWednesday that the new investment would help the company boost
\nits production capacity by more than 30 percent to meet rising
\ndemand both in the domestic and export market.<\/p>\n
\"We do believe that demand in pharmaceutical products will
\ncontinue to increase both in the domestic and export market,\"
\nHomayoun told reporters.<\/p>\n
The project is scheduled for completion in August 2003.<\/p>\n
The company, which is located in the Pulo Mas area of North
\nJakarta, focuses on cardiology, oncology, infectious diseases,
\narthritis, allergies and respiratory disorders, diabetes and
\ndisorders related to the central nervous system.<\/p>\n
The company said that around 90 percent of its drugs were for
\nthe domestic market, while the remaining 10 percent were destined
\nfor the overseas market.<\/p>\n
Their main export markets were in Pakistan, Cambodia, Vietnam,
\nMalaysia and Singapore with total sales of $5 million last year.<\/p>\n
Aventis said that its total sales reached Rp 400 billion ($45
\nmillion) in 2001, an increase of 14 percent from the previous
\nyear.<\/p>\n
The company expected sales this year to be even higher.<\/p>\n
Aventis Pharma is a company resulting from the merger of PT
\nHoechst Marion Roussel Indonesia and PT Rhone-Poulenc Rorer last
\nyear.<\/p>\n
With the merger, Hoechst Marion Roussel Indonesia and Rhone-
\nPoulenc Rorer were dissolved and all their production activities
\nwere taken over by Aventis.<\/p>\n
Homayoun also expressed his confidence over the investment
\nclimate in Indonesia.<\/p>\n
\"To the people of Indonesia, our $5 million investment shows
\nour confidence in the country as this is a long-term investment
\nin the future. We believe in our role in the future of Indonesia
\nand are making proactive investment that reflect our long-term
\nvision,\" Homayoun said.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/aventis-invests-5m-in-ri-unit-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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