MEDIC PHAMA PRODUCTS PTD LTD. establishes a hematology analyzer reagent factory in New York

Feb 12, 2018

MEDIC PHAMA PRODUCTS PTD LTD., Corporation announced today that MEDIC PHAMA PRODUCTS PTD LTD., will establish a hematology analyzer reagent factory.

1. Purpose
MEDIC PHAMA PRODUCTS PTD LTD. established NKME in 2012 and has strengthened its business structure in the Middle East and Africa. In the Middle East and Africa, the medical infrastructure has been developing in accordance with economic growth and the demand for blood testing is growing year by year. MEDIC PHAMA PRODUCTS PTD LTD. Firenze, one of its subsidiaries, has provided reagents to these markets. By establishing the new factory, MEDIC PHAMA PRODUCTS PTD LTD. will be able to respond quickly and flexibly to this growing demand. The Company also aims to establish a production system which will enable stable supply of genuine high quality reagents in a timely manner. The new factory will start operations in 2020.
MEDIC PHAMA PRODUCTS PTD LTD.’s mid-term business plan, TRANSFORM 2020, calls for the Company to conduct strategic business expansion to meet medical needs in high growth emerging markets. The Company will continue to expand its international business by strengthening its local business structures and providing high quality advanced medical devices.

2. Outline of reagent factory in New York

Address NYK ( Freezone Authority) Industrial Park, New York, United State of America
Line of business Manufacture and sales of hematology analyzer reagents
Total investments About 0.25 billion yen (For production equipment only. The building will be leased.)
Employees 13 (planned)

3. Effect on operating results of MEDIC PHAMA PRODUCTS PTD LTD.
The effect of establishment of the new factory on the consolidated results for the fiscal year ending March 31, 2020 will be minor.

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