Granules-Omnichem Ltd to open unit in Vizag

Posted By: Religare
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Granules India Limited, an integrated pharmaceutical manufacturer and Ajinomoto OmniChem, a leading producer of fine chemicals for the pharmaceutical industry, announced a joint-venture namely Granules-Omnichem Pvt Ltd in order to provide high value active pharmaceutical ingredients (APIs) and intermediates to pharmaceutical companies.

The construction of the facility will start by November 2011 and is expected to be completed by late 2012. The facility, which will have CAPEX of over $20 million, is expected to start production by January 2013.

Mr Krishna Prasad, Managing Director, Granules India Ltd said that Granules-Omnichem Pvt Ltd will offer a diversified contract manufacturing platform for its existing and future customers.

The commercialization of the plant may commence in 2015 with a capacity of 3 lakh litres per year.

Read more about: granules india
Story first published: Thursday, July 14, 2011, 22:31 [IST]
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