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Merck KGaA affirms commitment to China, will break ground on pharma unit

5:16 AM MDT | July 23, 2014 | Natasha Alperowicz

Merck KGaA at today’s press conference at Shanghai affirmed its commitment to China. Merck will in August hold a groundbreaking ceremony for a previously announced €80 million ($107.8 million) pharmaceuticals plant at Nantong, which, from 2017, will be the group’s second-largest pharmaceuticals manufacturing facility globally. It will focus on bulk production and packaging of Glucophage, Concor and Euthyrox, Merck’s brands for the treatment of diabetes, cardiovascular diseases and thyroid disorders.   “China is of strategic...

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