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Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Lonza Plans API Joint Venture in South Africa

12:01 AM MST | February 14, 2012 | Deepti Ramesh

Lonza says it is in discussions with the South African government for establishing a joint venture called Ketlaphela to build an active pharmaceutical ingredient (API) manufacturing facility for anti-retroviral medicines in South Africa. The discussions are at an early stage and no deal has been signed yet, Lonza says. The jv facility will involve a total investment of about rand1.6 billion ($208 million), which will include a rand500 million investment by Lonza, local press reports say. Construction of the plant is expected to begin next year, and the plant is...

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