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Eipico to Boost Exports

Ahmed Borhan Ismail, Chairman of Egyptian International Pharmaceutical Industries Co (Eipico), has revealed plans to increase the company’s exports to 35% of its production by 2015, Reuters has reported. Egypt’s biggest drug exporter will also begin production at a new EGP400m drug factory by August 2010 that will raise production capacity by 10% in its first year of operation, he said. Eipico wants its exports to earn it EGP300m a year by 2015. It now exports 20% of its products, earning it EGP200m annually.

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