Pharma Tips

Pfizer to close its Navi Mumbai plant

By: Pharma News | Views: 5445 | Date: 17-Jul-2015

Drug firm Pfizer is planning to close its Navi Mumbai plant from September 16, 2015.

Pfizer to close its Navi Mumbai plant

Drug firm Pfizer is planning to close its Navi Mumbai plantfrom September 16, 2015.

Pfizer to close its Navi Mumbai plant


In a filing to BSE, Pfizer Ltd said that "the company has intimated theconcerned authorities that it intends to effect closure of its plant situatedat Thane Belapur Road,... Navi Mumbai with effect from September 16,2015".

The decision to close the plant is based on an assessment of its long termviability and its ability to achieve the needed production, it added.

Stating that the closure will not have any effect on the availability of drugs,Pfizer said, "There has practically been no production activity at thisplant since 2013, and the closure will not impact the supply of any of thecompany's medicines to patients."

Shares of Pfizer Ltd were today trading at Rs 2,114.50 per scrip in theafternoon trade on BSE, up 0.18 percent from its previous close.


"The decision to close the site is based on an assessment of its long-term viability and its ability to achieve the needed production. There has practically been no production activity at this plant since 2013," a Pfizer spokesperson said.

The spokesperson further said that the closure of the facility will not impact supply of any of the company's medicines to patients.

The plant, which employed 212 workers, had offered a voluntary retirement scheme (VRS) last year. This was taken up by as many as 132 workmen, the spokesperson said.

"The remaining 80 workmen have continued to receive full wages, despite plant inactivity. As a part of the closure process, the company will honour its obligations towards requisite compensation, as mandated by law, for the remaining workmen," the company spokesperson said.

"The company has intimated the concerned authorities that it intends to effect closure of its plant situated at Thane Belapur Road,... Navi Mumbai with effect from September 16, 2015," Pfizer said in a filing to the BSE.

The Thane plant was commissioned in the 1960s. It had produced a number of medicines for both domestic and international markets.

Shares in Pfizer, on Wednesday, ended 0.26 per cent lower at Rs 2,105.20 apiece on the BSE.

Previous Page Next Page

People Searching On This Page:
  • Pfizer in belapur navi mumbai

Related Pages


Walk-in Interview for B.Pharm, M.Pharma, BSC, MSC in Pfizer

Walk-in Interview for B.Pharm, M.Pharma, BSC, MSC in Pfizer

Jobs
Date:
12-Jul-2017  Views: 6799

Founded in 1849, Pfizer is the world's premier biopharmaceutical company taking new approaches to better health. We discover, develop, manufacture and ...
Pfizer will close two U.K. plants, cut 370 jobs

Pfizer will close two U.K. plants, cut 370 jobs

News | Pharma Companies
Date:
18-Nov-2016  Views: 2318

Pfizer ($PFE) will close a couple of plants in the U.K., with more than 370 jobs on the line, but the U.S. company wants everyone to know that its exi ...
Culture Media in Plant Tissue Culture

Culture Media in Plant Tissue Culture

Articles | Pharmacognosy | Plant Tissue Culture
Date:
30-Mar-2011  Views: 5793

Plants in nature can synthesize their own food material. In contrast, plants growing in vitro are heterotrophic, Le., they cannot synthesize their own ...
Introduction and  History of Plant   Tissue   Culture

Introduction and History of Plant Tissue Culture

Articles | Pharmacognosy | Plant Tissue Culture
Date:
29-Mar-2011  Views: 36391

Most methods of plant transformation applied to GM crops require that a whole plant is regenerated from isolated plant cells or tissue which have bee ...
EXCEUTIVE / OFFICER - QA SOLID ORALS / TABLETS PLANT

EXCEUTIVE / OFFICER - QA SOLID ORALS / TABLETS PLANT

Jobs | Quality Assurance | Ahmedabad
Date:
22-Mar-2011  Views: 4199

EXCEUTIVETo look after IPQC activities in a Tablet Manufacturing PlantOFFICERTo look after QA - IPQA, Documentation, Validation activities in a Tablet ...
Post Your Comments (No Login Require)
Name : (required)
Email : (required)
Website :

Comment : (required)

68  + 5 =     
Comments
People Searched About:
Pfizer In Belapur Navi Mumbai   |  
Google : 81 times | Yahoo : 13 times | Bing : 10 times |