Roquette To Inject 60 Million Yuan Into Guangxi Nanning Chemical Pharmaceutical
This article was originally published in PharmAsia News
Executive Summary
Guangxi Nanning Chemical Pharmaceutical, one of China's largest medical mannitol producers, has confirmed that French Roquette is increasing its share acquisition. According to the exclusive restructuring agreement, Roquette will raise its Nanning Chemical stake to 67 percent. It will pump in an initial investment of 60 million yuan in 2008 to revamp the existing production line and set up new hexahydric alcohol and crystal sorbitol lines to double the current annual output of 8,000 and 3,000 tons respectively. A Nanning Chemical source revealed that the company plans to establish a medical mannitol production base after the reorganization, but no details are yet available. (Click here for more - Chinese Language)