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October Pharma mulls new expansion plans

October Pharma mulls new expansion plans

ArabFinanceOctober Pharma (OCPH) is considering new expansion plans to face inflation wave amid nearing the completion of 2021 plan, the company’s Managing Director Hisham Abdel Aziz told Al Mal Newspaper.

The final value of these investments has not been determined yet, Abdel Aziz highlighted.

It is worth noting that Abdel Aziz previously revealed that the company signed contracts with a UK-based company, a German company, and an Italian company to supply the new production lines that are expected to be installed in the first half (H1) of 2022.

The company will continue expansion in the exportation markets and is ready to enter the Filipino market, he noted, adding that it will also focus on the African markets, along with Russia and Thailand.

October Pharma is an Egypt-based company engaged in the production of human pharmaceutical preparations.

The company’s major shareholders include the Arab Company for Drug Industries and Medical Appliances as well as the Saudi-Egyptian Industrial Investment Company.

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