The company will enter into a joint venture with the Medipak Group for establishing the facility and an agreement has been signed by executives of the two companies.
Medipak Group Chairman Khalid J Chowdhry, while speaking on the occasion, boasted that they were the pioneers in manufacturing of IV infusion solutions in Pakistan with the transfer of knowhow and technical collaboration with Fresenius AG (Germany) back in the 80s.
IV infusion solutions are lifesaving products and about 150 million units are manufactured annually to meet domestic demand, he added.
These solutions are used to infuse critical medication into the human body when a person is seriously sick or injured.
Medipak has been manufacturing such products since 1985 and prior to that, Pakistan relied on imported IV solutions from across the globe. “Today, Pakistan is proudly self-reliant and in fact exports this critical product to many parts of the world,” he said.
Hunan China Sun Vice President Fangxi Liu said the introduction of modern and cost-effective Injection Stretch Blow Moulding (ISBM) technology in Pakistan was a testament to the great friendship between Pakistan and China and would lay the foundation for further cooperation between companies of the two countries.
Hunan China Sun, a public listed entity on the Shenzhen Stock Exchange, specialises in ISBM technology and has completed globally acclaimed turnkey projects in many countries in the Middle East and Central Asia.
Published in The Express Tribune, May 31st, 2013.
Like Business on Facebook to stay informed and join in the conversation.
COMMENTS (1)
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ
"Hunan China Sun Vice President Fangxi Liu said the introduction of modern and cost-effective Injection Stretch Blow Moulding (ISBM) technology in Pakistan was a testament to the great friendship between Pakistan and China and would lay the foundation for further cooperation between companies of the two countries." Why is every BUSINESS deal a testament to our friendship? Are they doing it for free? Or Pakistan is the only country in the world where are they are setting up this kind of factory?