Square Pharmaceuticals Limited, one of the major pharmaceuticals companies in Bangladesh, is set to build a factory in Kenya’s Athi River, a town outside Kenya’s capital Nairobi.
The installation of the plant will boost Kenya’s drug manufacturing profile in East Africa, reports Business Daily, a Nairobi-based daily.
Square Pharmaceuticals will commission the construction of the plant next Monday at the Export Processing Zone in Athi River in a ceremony which is slated to be attended by Kenya’s Industrialization Secretary Adan Mohamed, the report added further.
Square Pharmaceuticals produces a range of drugs, focusing on those that relieve digestive distress, such as anti-acids, digestive stimulants and anti-diarrheal medicine. The company also produces herbal products and pesticides.
Over the last three decades, Bangladesh has developed a strong reputation in the pharmaceutical industry, manufacturing up to 97% of the drugs used locally. Square Pharmaceuticals says that the establishment of the Kenya plant will facilitate skills and technology transfer.