Plant in Goa in India is dedicated to the manufacture of film coatings for pharmaceuticals
Colorcon, a global excipient company headquartered in Harleysville, PA, US, has completed a major expansion of its South Asia production facility in Verna, Goa, India.
The company provides film coatings, modified release technologies, functional excipients and tablet design services to the pharmaceutical industry.
Colorcon said the expansion brings the capability to 'more than double capacity', creating a facility with a process area of more than 3,500m2.
The Goa plant is one of six Colorcon manufacturing plants dedicated to film coatings, which are located close to key customer centres in India, China, Europe, North America and Japan.
Subodh Priolkar, Colorcon's Regional Managing Director for South Asia, said the investment would enable Colorcon to continue to meet the needs of its customers through security of supply and short lead times.
'Having been established in the region for over 30 years, Colorcon is proud to be the supplier of choice for film coatings and excipients to the pharmaceutical industry in India and South Asia. We are excited about the plant expansion and are well positioned to continue supporting the growth of our customers in the region.'
Martti Hedman, CEO of Colorcon, added: 'India is one of the fastest-growing pharmaceutical markets due to improving standard of living, easier access to Western medicine and increase of lifestyle diseases. India is also the most important production cluster of generic medicines for global markets. Colorcon is investing heavily in India to support its customers during both development and manufacture.'
The Goa site operates under schedule M of the Indian FDA and IPEC guidelines, with Colorcon accredited to the latest ISO 9001 standard.