Hemopharm venture with unspecified Chinese company

8 January 1996

Yugoslav pharmaceutical producer Hemofarm and an unspecified Chinese company from Jinan, Shandong Province, have established a new plant in Jinan for the manufacture of drugs and solutions for dialysis and infusions, according to the Yugoslav Tanjug news agency. The new facility has been established with a joint investment of $30 million and will generate revenues of $60-$70 million a year, say Hemofarm officials.

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