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Thndr Claps » EGY Claps » Health & Pharma 👩‍⚕️ » El Sewedy subsidiary builds factory for EIPICO 🏭

El Sewedy subsidiary builds factory for EIPICO 🏭

by Omar El Shorafa
September 20, 2022
السويدي إلكتريك، إيبيكو، ثاندر كلابس

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.

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