Updated on 6 August 2014
Recruitments have begun for Biocon's first overseas biopharma manufacturing and research facility in Johor, Malaysia
Bangalore, India: Biocon's CMD Dr Kiran Mazumdar-Shaw, CEO & JMD Dr Arun Chandavarkar, and the newly appointed president, finance & CFO, Mr Siddharth Mittal were present during the call to answer queries from the media.
"Our better mix of products and licensing revenues has enabled us to boost our profits, including the EBITDA this quarter," revealed Dr Kiran Mazumdar.
Biocon is erecting its first overseas biopharma manufacturing and research facility in Johor, Malaysia. The facility is said to be the largest integrated insulin production plant in Asia, built with an investment of US$ 160 million.
Dr Kiran considers Malaysia to be an attractive investment destination. "Investment in Malaysia is attractive for many reasons including tax holidays, availability of higher quality of power and water, and competitive costs, making it an ideal destination. The Malaysian government's support and approval process have been really smooth and we are very pleased with the experience," she appreciated.
According to the company's website, it has already started recruiting professionals for its new Malaysian facility.