The new 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
Colorcon invests in new manufacturing plant in Johor State, Malaysia for its film coating products. (Credit: PRNewswire/Colorcon, Inc.)
Colorcon has announced its investment in a new manufacturing plant in Johor State, Malaysia for its film coating products.
Construction will commence in August this year, with completion expected by July 2025. The new 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 the increasing prevalence of chronic ailments, a growing geriatric population, high investment in research and development, and an increasing per capita healthcare expenditure.
Colorcon CEO Simon Tasker said: “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 products manufactured at any of our network of manufacturing locations around the world.”
NESEA managing director Willem Hoogwater said: “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.
“The investment in regional production will further enhance Colorcon’s ability to provide the high service level our customers expect, and we believe our customers deserve.”
This investment in local manufacturing will enhance Colorcon’s flexibility in the scheduling of production, leading to increased efficiency for customers and ensuring a secure supply chain to meet future industry demands.
Colorcon operates 11 manufacturing facilities, 25 technical service laboratories worldwide, and employs over 1,400 staff members who are solely committed to serving its customer base.