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December 22, 2007

Largest factory established in northern city

The largest and most up-to-date pharmaceutical factory was set up in Myanmar's northern city of Pyin Oo Lwin, starting to produce 162 kinds of medicines, the official newspaper New Light of Myanmar reported Friday.

Pyin Oo Lwin Pharmaceutical Factory, inaugurated on Thursday, will produce high-quality modern medicines such as tablet, capsule, intramuscular, intravenous, lotion and powder, the report said.

There has been some five other pharmaceutical factories in Myanmar, including two special ones, respectively located in Yangon, Sagaing and Inyaung, according to the report. These factories are supplying 40 percent of the domestic market.

Meanwhile, reports said German entrepreneurs plan to set up pharmaceutical factories in Myanmar to produce home-use capsules and tablets soon as part of foreign engagement in the development of the sector.

According to statistics of the Ministry of Commerce, Myanmar imported pharmaceutical products valued at 100 million U.S. dollars in 2006-07 which ended in March, an increase by 25 percent from 2005-06 when it was 80 million dollars.

These pharmaceuticals were mainly imported from Asian nations, including India, Bangladesh, China and Indonesia. Of the imports, only 10 percent came from European countries.

Courtesy Xinhua

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