ATECO Pharma Egypt takes part in Africa Health ExCon

ATECO Pharma Egypt takes part in Africa Health ExCon

- Vice chairman: The Egyptian medical industry is booming under the current political leadership

ATECO Pharma Egypt Pharmaceuticals, one major pharmaceutical plants in the Economic Zone of Suez Canal, took part in Africa Health ExCon, whose activities have been launched from 6 to 9 June with the attendance and patronage of President Abd El Fattah El Sisi

Eng. Waheed Ateek, vice chairman and Chief Executive of ATECO Pharma Egypt, unveiled his company’s ambitious investment plan as regards the production of medicines and medical solutions, together with deepening domestic manufacturing for the time being.

“ The 1st-stage Investments at Ateco Pharma Egypt Pharmaceuticals in Ain Sokhna amount to EGP1bn, not to mention the under-construction expansions during 2023/2024, which include the addition of new production lines for a number of products such as BFS-S.V.P,” added Ateek in a press statement on the sidelines of the conference. The 1st batch of machines and equipment necessary for 2nd-stage expansions has arrived at the plant grounds, as they are slated to be finalized during the 1st half of next year, he explained.

ATECO Pharma Egypt Pharmaceuticals eyes exports to foreign markets to increase and constitute up to 60% of output by late 2024, he noted, adding that the company