A Pakistani multinational conglomerate has announced that it will start manufacturing Bromobutyl and Chlorobutyl rubber stoppers used in pharmaceuticals for the first time in the country with an investment of Rs1 billion.
The manufacture of these rubber stoppers locally will save Pakistan $10 million in foreign exchange every year and over 300 professionals will also get jobs. This historic information was revealed by Junaid Ghani, Director of the Ghani Group, along with Kamran Abbasi, Managing Director of Prime Event and Liaquat Javed, Chairman of Morgan Chemicals, on the third and last day of the 12th Pak Pharma and Healthcare Expo held at the Expo Center, Karachi at a press conference.
The landmark exhibition was organized by Prime Event Management in association with Pakistan Pharmaceutical Manufacturing Association (PPMA).
Junaid Ghani elaborated that these rubber stoppers will now be made in Pakistan through German technology. "For this, the Ghani Group, manufacturer of the famous Ghani Glass, has set up a manufacturing plant in Faisalabad Industrial Area starting production in April 2022."
The leading businessman said that in the first phase, the Group will produce 500 million stoppers every year, which will meet 100% requirement of the country.
Ghani explained that they would manufacture the rubber stoppers with aluminum seals in 13mm, 20mm and 32mm sizes. He said that the entire pharma industry imports this rubber stopper and more than $10 million of foreign exchange is spent every year.
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