Business Standard

Thursday, December 26, 2024 | 11:20 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Lupin to develop Brazil as Latin American manufacturing, export hub

Most neighbouring countries recognise the Brazilian drug regulator's approvals

Lupin to develop Brazil as Latin American manufacturing, export hub
Premium

Sohini Das Mumbai
Lupin, the pharmaceuticals major, plans to develop its Brazilian operations into a manufacturing hub for the Latin American region. Most neighbouring countries there recognise the Brazilian drug regulator’s approvals.

Latin America contributes about four per cent to Lupin’s global revenue and this is expected to double to around eight per cent over the next five years, said a senior company official. 

Martin Mercer, its president for Latin America, said the aim was to start exporting from Brazil next year. “We depend on manual packaging. We are now installing new equipment and working on augmenting the capacity. We plan to export to countries

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in