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Friday, June 09, 2000, updated at 15:31(GMT+8)
Business  

Largest Sino-Yugoslav Joint Venture Operational


Largest Sino-Yugoslav Joint Venture Operational
The Hemofarm Pharmaceutical Co., the largest Sino-Yugoslav joint venture in China, went into production Thursday in this capital of east China's Shandong Province.

The 23-million U.S. dollars company with an annual production capacity 30 million bottles will produce a dozen varieties of transfusion medicine in plastic and glass bottles at the initial stage.

The Yugoslav side covers 70 percent of the investment in the joint venture equipped with state-of-the-art production lines imported from Germany, Italy, Sweden and Finland.

It will turn out more varieties of medicine, such as tablets, and Vitamin pills in the second-phase with an investment of US$5.2 million.

More than 400 people attended the inauguration ceremony, including Yugoslav ambassador to China Slobodan Unkovic and Yugoslavian foreign trade minister Borislav Vukovic.




In This Section
 

The Hemofarm Pharmaceutical Co., the largest Sino-Yugoslav joint venture in China, went into production Thursday in this capital of east China's Shandong Province. The 23-million U.S. dollars company with an annual production capacity 30 million bottles will produce a dozen varieties of transfusion medicine in plastic and glass bottles at the initial stage.

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