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. Tanya Plibersek
    15.06.2021
    15.06.2021
    by      In
    Senior Federal Opposition Shadow Minister Tanya Plibersek visited leading Australianmanufacturer DECO Australia on Friday 21 May 2021. The Shadow Minister visited DECO tolearn about DECO’s innovative products and manufacturing, as well as gain a greaterunderstanding of Australian manufacturing... Read More
  2. palletiser
    15.06.2021
    15.06.2021
    by      In , In , In
    As iconic Australian brand Arnott’s has grown over the years and product lines have become increasingly complex, it became clear there was a need to upgrade to a next generation of smart palletising. 
    The 25-year-old Motoman palletiser that Arnott’s had installed in its NSW factory in Huntingwood... Read More
  3. Catherine Velisha
    15.06.2021
    15.06.2021
    by      In , In
    A leading grower and producer of premium vegetables in Australia, Velisha Farms has long been a class act in business and the community. It should come as no surprise then that Managing Director, Catherine Velisha, has stepped up to become a safety ambassador for Worksafe Victoria.
    Ms Velisha... Read More
  4. Frank Ferrara
    09.06.2021
    09.06.2021
    by      In
    By Frank FerraraCornick Pty Ltd
    Global leaders have missed the rare opportunity to vastly improve the health of people all over the world. The pandemic has grabbed the attention of the global population and provided authorities with the platform to communicate preventative health information to as... Read More
Products
Suppliers