none

$100 MILLION CREATES 60 JOBS

20-07-2017
by 
in 

Pharmecutical company AstraZeneca is putting $100 million into respiratory production at its North Ryde facility, hoping to up its capacity to over 70 million units of asthma medication per year, much of it for export. 

The upgrade is expected to bring in more $2 billion over the next four years, primarily driven by an increasing demand for respiratory treatment in China. 

AstraZeneca Australia's manufacturing director Mark Morgan says more than 90 per cent of the site's products go to China as their "biggest growing market", where asthma affects about 30 million people and demand is rising.

The company attributed the country’s rising demand for those drugs to “the long-term increase of acute COPD and pediatric asthma.” According to a large-scale epidemiological research carried out by the China Asthma Alliance in 2013, asthma cases in Beijing and Shanghai have increased by 1.5 and 1.9 times respectively in the past 10 years.

While the company has been increasing its local presence in China, and has no plans to slow investment, spokespeople have said that there are skills avaliable in Australia that are difficult to replicate overseas, and Australian manufacturing efforts will continue to grow in the short and long term. 

AstraZeneca’s CEO Soriot says the company’s latest investment is an “example of the tremendous opportunities presented by high-tech manufacturing and productivity, creating jobs, boosting exports and ultimately making a positive impact on the Australian economy”.

Related news & editorials

  1. 15.02.2019
    15.02.2019
    by      In
    The Australian Made Campaign is doing its bit to help one of its licensees to find a local contract manufacturer. The licensee is frank green, a company that markets reusable coffee cups in Australia. And while the company currently produces all its plastic reusable cup products in Australia, it... Read More
  2. 14.02.2019
    14.02.2019
    by      In
    Boker’s, the iconic US manufacturer of precision metal stampings, washers, spacers and shims, celebrates its 100th anniversary in 2019. The year will also see the opening of a new manufacturing facility and a fresh commitment to serve international markets, including Australia.
    The company was... Read More
  3. 14.02.2019
    14.02.2019
    by      In
    Universal Robots has appointed automation industry veteran Peter Hern to the role of ANZ Country Manager.
    Hern combines extensive experience in the technology, automation and robotics industries with local knowledge of ANZ manufacturing. In his new role he will be responsible for customer support,... Read More
  4. 13.02.2019
    13.02.2019
    by      In
    With the 2019 show set to be the biggest Austech 2019 yet, organiser AMTIL has come up with a novel approach to help visitors optimise their time at the event.
    Featuring all of the key machine tool dealers, all under the one roof, Austech 2019 will showcase a vast array of state-of-the-art... Read More