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Article: Sanjiu Medical to spend RMB 266 million on new production base.
- Article from:
- China Business News
- Article date:
- December 6, 2006
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Sanjiu Medical to spend RMB 266 million on new production base
Shanghai. December 6. INTERFAX-CHINA - Sanjiu Medical and Pharmaceutical Ltd., one of China's largest Traditional Chinese Medicine manufacturers, said today it will invest RMB 266 million ($33.25 million) to establish an R & D and production base.
Following completion of the project, Sanjiu will be able to produce 22,000 boxes of Sanjiu Weitai capsules to treat gastric esophageal reflux disease, 28,000 boxes of cold and flu Gan Mao Ling capsules, and 200,000 tubes of Pi Yan Ping ointment to treat dermatological conditions.
The project was approved in 2002, but preparation only started in November last ...