Algeria – SANOFI to build a 90 millions US$ Plant

January 22, 2013 5:59 pm0 commentsViews: 190

The French group Sanofi signed Thursday, December 20 the Concession Agreement to obtain a land in the Sidi Abdallah Hub where they will build the future industrial complex Sanofi-Aventis Algeria.

“The construction of this major industrial complex, the largest of Sanofi in Africa and Middle East, demonstrate our dedication and trust in Algeria for more than twenty years,” said Antoine Ortoli, Senior Vice President of Global Operations in his statement.

According to Pierre Labbé, Director of Sanofi Aventis Algeria,  a part of the future pharmaceutical production plant will be carried out in partnership with the state-owned Algerian pharmaceutical group Saidal  in a joint venture called Winthrop Pharma Saidal.

Sanofi will make an investment of 90 millions USD, mainly to produce dry and liquid forms and house a distribution center. The plant will have a capacity of production and distribution of 100 million units per year, or 80% of the volumes currently distributed by Sanofi-Aventis in Algeria.

[Algerie Presse Service]

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