Humanwell Pharmaceutical Ethiopia Plc, a Chinese owned company, inaugurated a new pharmaceutical plant in Hagerie-Mariam, Amhara Regional State with a 20 million dollar investment.
Situated at 7 hectares of land, the industrial plant is the first phase of the total 100 million USD investments by the Chinese health care solution provider.
The plant has been constructed in one and half year and would commence production very shortly. For the first phase investment, the company targets to produces over 30 products in four dosage forms: tablets, capsules, injection and syrup. The company would create jobs for over 300 people at full capacity.The remaining two phases are expected to be completed within three or four years with 30 million dollars and 50 million dollars, respectively.