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.
El Sewedy subsidiary builds factory for EIPICO 🏭
