Novopharm to Invest in Facility

15 March 2004 00:01  [Source: ICB Americas]

Novopharm Ltd., the wholly owned Canadian subsidiary of Teva Pharmaceutical Industries Ltd., plans to invest C$20 million to expand its Hood Road Penicillin production facilities in Markham, Ontario. The facility currently produces almost 40 penicillin products that are exported globally.

Since 1994, Novopharm has invested over $35 million at the Hood Road site to enhance its manufacturing and packaging capabilities. The latest move involves the purchase of property adjacent to the facility and investing in a warehousing facility, water purification system and upgrades to air systems within the plant.

With the upgrade, the plant will now serve the entire North American market for penicillin products, says a Novopharm spokesperson. The Mark-ham facility will absorb some of the capacity loss as a less efficient Teva Pharmaceuticals USA facility ramps down manufacturing.

The current project “represents our ongoing commitment toward ensuring all of our facilities meet the emerging needs of a global pharmaceutical market that continues to develop and mature,” says Allan Oberman, president and CEO of Novopharm.





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