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Monday, October 30, 2000, updated at 20:08(GMT+8)
Business  

British Medical Company Opens Subsidiary in Shanghai

Construction on a 34-million-US-dollar pharmaceutical factory, jointly funded by British medical sciences company Nycomed Amersham and two Chinese firms, began recently in Shanghai.

The Shanghai Nycomed Pharmaceutical Company, located in Shanghai's Zhangjiang High-Tech Industrial Park and scheduled for operation by the end of the year, is to produce five million bottles of contrast medium a year.

Nycomed Amersham owns 80 percent of the joint venture, with the Zhangjiang High-Tech Industrial Park Development Co. Ltd. and the Shanghai Huaihai Pharmaceutical Factory owning 13 percent and 7 percent, respectively.

Shanghai Nycomed products are to be sold in China and other Asian countries.

Nycomed Amersham leads the world in contrast medium production, with annual sales of 1.3 billion pounds.




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Construction on a 34-million-US-dollar pharmaceutical factory, jointly funded by British medical sciences company Nycomed Amersham and two Chinese firms, began recently in Shanghai.

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