Read
- IRS official refuses to answer questions at scandal hearing
|
- Global stocks, oil fall after Bernanke; dollar gains
|
- Oklahoma tornado victims astounded at how they survived
|
- CORRECTED-White House threatens veto of bill to bypass Obama on Keystone
- FBI says man shot dead while being questioned about Boston bombings
Sponsored Links
AstraZeneca invests $200 mln in new China factory
LONDON |
LONDON Oct 10 (Reuters) - AstraZeneca , Britain's second-largest drugmaker, is to invest $200 million in a new factory in China, representing the company's largest ever investment in a single manufacturing facility globally.
The unit will produce both intravenous and oral solid medicines for the company's growing business in China, AstraZeneca said on Monday. Construction is scheduled to be completed at the end of 2013.
AstraZeneca's turnover in China was more than $1 billion in 2010 and the group has made emerging markets, including China, a top priority for future growth.
The new factory will be located in China Medical City, Taizhou, Jiangsu province.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters