Celltrion Mulling Building New Plant in Asia

(Ref: The Korea Bizwire)
  • Celltrion is considering the construction of a new manufacturing facility in Asia in an effort to boost capacity and revenue, The Korea Bizwire reported Friday.

  • "I will prioritise a country where Celltrion can have 100 percent stake in the plant to prevent technology leaks," remarked CEO Seo Jeong-jin.

  • The drugmaker plans to select a site by June, which comes as the drugmaker is aiming to triple its production capacity to 360 000 litres.

  • Celltrion separately revealed that its revenue last year jumped 41.5 percent to 949 billion Korean won, while net profit surged 122 percent to 400.7 billion won.

  • Seo also revealed a plan to become one of the top three biotech firms globally by 2020.

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