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Sunday, 10 July 2016

GSK investing EGP 340 mn in Egypt through end-2017

GlaxoSmithKline (GSK) said it will inaugurate a new EGP 60 mn production line in September as part of a larger, EGP 400 mn expansion plan, Al Mal reported. The company said it is committed to spending EGP 340 mn until the end of 2017. The new production line will produce affordable medications serving all market segments. GSK says it exports at least 15% of its output from Egyptian production facilities.

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