Colorcon has announced its investment in a new manufacturing plant in Johor State, Malaysia for its film coating products. Construction will begin in August 2023, with completion expected by July 2025.
This best-in class facility will be the eighth in Colorcon’s global network and will produce high quality and innovative film coating products for pharmaceutical and nutraceutical manufacturers located in the Southeast Asia region, including Australia and New Zealand.
According to CPHI’s 2022 Global Survey, the ASEAN pharmaceutical manufacturing industry will grow by 12.8% annually over 2021-2027 driven by increasing prevalence of chronic ailments, growing geriatric population, high investment in research and development, and increasing per capita healthcare expenditure.
Simon Tasker, CEO, Colorcon, explained: “This investment strengthens our strategy to position Colorcon facilities close to our customers and support the projected growth in the region. The new plant in Malaysia will reduce delivery lead-times, improve our sustainability and strengthen our assurance of supply for our customers in the region; while assuring quality and equivalency of product manufactured at any of our network of manufacturing locations around the world.”
Willem Hoogwater, Managing Director, NESEA explained: “We want to make it easy for customers to work with Colorcon. The new plant represents a significant commitment to customer satisfaction, convenience, and the resilience of the supply chain in Southeast Asia.”
This investment in local manufacturing will improve Colorcon’s flexibility in the scheduling of production, resulting in higher efficiency for customers and secure the supply chain to meet future industry needs.