Egypt's EIPICO announces updates on EIPICO 3 plant

The pharma company agreed with an international engineering consultant to handle the project

  

ArabFinance: The board of directors of Egyptian International Pharmaceutical Industries Company (EIPICO) (PHAR) announced updates on its plant EIPICO 3, according to a filing to the Egyptian Exchange.

The company acquired a land plot next to EIPICO 2 plant in 10th of Ramadan City.

The new plant is spanned over an area of 10,345 square meters.

Furthermore, the pharma company agreed with an international engineering consultant to handle the project.

The company’s consolidated net profit reached EGP 487.4 million in 2020.

EIPICO is an Egypt-based public shareholding company that operates in the pharmaceutical industry. It is a manufacturer and exporter of pharmaceuticals and holds license agreements with a group of international.

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