JAPAN'S MEIJI SEIKA TO STRENGTHEN CHINA DRUG OPS.

AsiaPulse News | January 27, 2005 | Copyright

TOKYO, Jan 27 Asia Pulse - Meiji Seika Kaisha Ltd. (TSE:2202) plans to bolster pharmaceutical operations in China by launching production of antibiotics materials at a new factory there starting in April, the Nihon Keizai Shimbun learned Wednesday.

Positioning China as a vital market, Meiji Seika will strive to increase its pharmaceutical sales there by more than 10 times from current levels to 10 billion yen (US$96.9 million) in 2009.

Meiji Lukang Pharmaceutical Co., in which Meiji Seika holds a 50 per cent stake, has invested more than 3 billion yen to ...

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