Fuan Pharmaceutical's Unit to Build API Production Base for 428 Million Yuan

MT Newswires Live

2024/11/21

Fuan Pharmaceutical's (SHE:300194) wholly-owned subsidiary, Fu'an Pharmaceutical Group Chongqing Bosheng Pharmaceutical, will invest 428 million yuan for the construction of an active pharmaceutical ingredient production base, according to a Shenzhen Stock Exchange filing on Wednesday.

The production base will produce 173.9 tons of raw materials every year.

The facility will include a production plant, a solid warehouse and an office building that will be built with estimated total construction area of 38,800 square meters, the pharmaceutical company said.

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