Sunlight pharm join hands with Spain Uriach gruop
10AM, MAY 28TH,2010, the joint venture project of sunlight pharm and Spain Uriach was formally signed under the witness of leaders from Wujin district, Benniu town,and both sides of company’s chiefs.
Spain Uriach pharmaceutical group founded in 1838,with 172 years history. This group is the first largest pharmaceutical company in Spain with a long history of family business, enjoys a high reputation in the European pharmaceutical industry.
Gruop Uriach has strong ability on new drug research and development , applied for more than 100 new invention patent in the world. They launched new products such as antiallergic drugs: rupatadine, Hypoglycemic Drugs: glipentide, new drugs covering Anti-inflammatory, resistance to fungal infection, allergy, heart head blood-vessel, autoimmune disorders, and other areas of the treatment.
The joint project with a total investment of RMB 450 million,among them group Uriach invest €25 million，Sunlight invest 250 million,both sides develop and product drugs of heart head blood-vessel, senile disease etc. Firstly, Uriach invest €7.5 million and sunlight invest RMB 75 million for development and production in 2010.Expected to start construction in 2011, put into operation in 2010, annual output will reach RMB400 million. The 2nd and 3rd phases,invest will invest €7.5 million and €11 million ,sunlight will invest RMB75 million and RMB100 million. All completed the annual sales volume will reach RMB 2 billion.
Wujin district Party committee member, deputy district Mr.Zhang Jianxin congratulate on this signing . He said:we are closely going around the "traditional industry promotion, multiplication of emerging industries, modern service industry to speed up" three-year plan of action, to further speed up the transformation and upgrading of industries, and optimize the industrial structure, promote the comprehensive competition ability.This joint product carry out the three years action plan.We believe that by virtue of Uriach group new drug research and development ability, sunlight pharmaceutical enterprising consciousness and the fluctuation of the development of our high quality service, joint venture will be demonstrating the strong vitality, will be a new star of the five major industries in our district.
Mr.Zhang Jianxin said,signing of project is the first step of cooperation, hope the cooperation to speed up project construction preparatory work, start construction as soon as possible, put into production and takes effect as early as possible.
Sunlight Pharm & Spanish Uriach joint-venture foundation
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