Kimia Farma to Build Pharmaceutical Factory in Saudi Arabia

By : Hariyanto And Aldi Firhand. A | Friday, April 20 2018 - 22:16 IWST

PT Kimia Farma Tbk (KAEF)
PT Kimia Farma Tbk (KAEF)

INDUSTRY.co.id -Jakarta - PT Kimia Farma (Persero) Tbk increasingly serious to expand its business abroad. Issuers that produce drugs with the code KAEF is planning to build a drug factory in Saudi Arabia.

"Because the captive market and the main door to target the Middle East and Africa market," said President Director Honesty Basyir, in a press conference, in Jakarta, Thursday (19/4/2018).

To realize the corporate action, Kimia Farma will partner with Marei Bin Mahfouz (MBM), but does not close the possibility of embracing other pharmaceutical companies. He added that MBM offers the location of a drug factory in Jeddah.

Honesty Basyir said it is targeting this year the company has reached an agreement with Marei Bin Mahfouz Group.

"We just go to the technical assessment level," he said.

He expects, cooperation agreements with MBF and other pharmaceutical companies can be established this year. Next, the new plant starts construction around 2019.

"How long to build a factory, I demonstrate the raw material factory in Banjaran, West Java, physical construction takes two years, then we have to certificate and after that, the drug must be tested again to be authorized circulation and takes 6 months up to 1 year to get permission, so three years, "he explained.

Questioning the need for funds to build the drug factory, he likens the investment in the factory Banjaran requiring funds amounting to Rp1, 3 trillion.

"The interesting thing is if we already have a license from Saudi Arabia, it will apply to all countries in the Middle East region," he said.

News Comment

Today's Industry

Grab (Ist)

Kamis, 11 Oktober 2018 - 12:36 WIB

Women Activists Criticize GRAB Indonesia on Victims Harassment Mediation

A number of women activists express their anger and regret at the GRAB Indonesia. The Malaysian applicator response to bring together between a driver partner who is allegedly harassed his passengers…

Panen Padi (Foto Dok Industry.co.id)

Senin, 08 Oktober 2018 - 03:30 WIB

Banten Lebak Farmers Harvest 55,622 Tons of Dry Grain

Lebak-Petani in Lebak Regency, Banten, during September 2018 harvests rice in an area of ​​9,347 hectares of paddy fields with a production of 55,622 tons of dried pungut (GKP) grain.

Bawang Merah (Ist)

Senin, 08 Oktober 2018 - 03:00 WIB

Kelompok Tani Sengingi Riau Panen Bawang Merah

Kuantan Singing - Beken Jaya Benai Farmer Group in Kuantan Singingi Regency, Riau Province harvesting shallots up to tens of tons managed on a quarter hectare of land, the results can improve…

Senin, 08 Oktober 2018 - 02:30 WIB

PT Pertamina Lubricants Wins Two TOP CSR 2018 Awards

Jakarta - PT Pertamina Lubricants managed to bring home two awards at the TOP CSR 2018 TOP CSR category on Lubricants Business, namely for the Corporate Social Responsibility (CSR) Enduro Student…

Listrik Ilustrasi

Senin, 08 Oktober 2018 - 02:00 WIB

Electrical System in Central Sulawesi is 75% Normal

Jakarta - Electricity, telecommunications, roads, airports and fuel supply (BBM) infrastructure have begun to recover in areas affected by the earthquake in Central Sulawesi. Assistance from…