The Clap
Rowad Modern Engineering, one of El Sewedy Electric’s (SWDY) subsidiaries, signed a contract with EIPICO for a total of EGP 418 million.
The Deets
Under this contract, Rowad will establish 3 factories for EIPICO for the production of medicines and biosimilars, a product that is almost identical to the original product but manufactured by a different company, to be implemented within 13 months.
EiPICO 3 Factory
The total cost of the factory is EGP 3 billion, and it is located on an area of 10.5 thousand meters in 10th of Ramadan City and will specialize in the putting together of bioproducts produced outside Egypt.