Pfizer Egypt to invest USD12.73m in upcoming months


(MENAFN) Pharmaceuticals Company Pfizer Egypt said it plans to add a new liquid production line and a warehouse with investments worth a total of USD12.73 million in the upcoming months.

Chairman said Pfizer Global recently agreed to fund the construction of a pharmaceutical warehouse within the company's factory in Egypt with investments worth USD8.91 million.

The parent company is currently considering adding a production line for liquid medicines at a cost of between USD3.18 million and USD3.82 million.

Pfizer Egypt increased its capital to more than USD100 million last month to finance new investments and provide the funds required for potential future expansion.


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