Главная › News › Samsung will build the world's largest pharmaceutical plant for $ 2 billion
News Interviews Events All journals About us Contact us
Samsung will build the world's largest pharmaceutical plant for $ 2 billion
South Korean Samsung continues to expand its pharmaceutical business, investing nearly $ 2 billion in the construction of plant for the production of medicines, which should become the largest of its kind in the world after the completion of works in 2022.
According to The Wall Street Journal, the company is betting on further growth of the biologics market due to changes in the industry related to the coronavirus infection of pandemic.
The plant, called Super Plant, now becomes the fourth Samsung BioLogics Co., biopharmaceutical division of Samsung. Its area will be approximately 230 thousand square meters. Thus, it will be up to three existing businesses combined company, and even slightly exceed the size of the Louvre in Paris.
Samsung aim is to take advantage of the unprecedented growth in demand, provoked by the COVID-19 pandemic, given the trend of increasing drug production in the world, says WSJ.
Samsung BioLogics produce biological agents for some of the world's largest pharmaceutical companies including Bristol-Myers Squibb Co. (SPi Roche Holding Ltd.
The Head of Unit Kim The-khan told the publication that originally planned that the new plant will be much less, but the coronavirus pandemic has created a new product category – means to treat COVID-19, prompting developers of medicines and national governments to seek new sources of production.
"COVID-19 gives us more opportunities than the crisis," said Kim The-khan, who has headed Samsung BioLogics since 2011 and reportedly promoted the idea of building a business under Samsung's leadership.
Exxon Mobil announces record depreciation of its gas assets by $ 20 billion
The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of "blue chips" Dow Jones Industrial […]
10.12.2020 Next
Johnson & Johnson plans to complete the third phase of trials of the COVID-19 vaccine in January
Johnson & Johnson plans to complete the third phase of trials of its single-dose vaccine against COVID-19 in mid-January 2021. Paul Stoffels, vice chairman of the executive committee, senior scientific expert at Johnson & Johnson said they plan to deliver to market 1 billion doses. "We are in the middle of the third phase of […]
Pfizer and BioNTech have applied for registration of the COVID-19 vaccine in Europe
The American company Pfizer and the German BioNTech have applied to the European Medicines Agency for registration of their coronavirus vaccine. The announcement was published on the BioNTech website. "On Monday, November 30, Pfizer and BioNTech filed a formal application with the European Medicines Agency for a conditional authorization to use their COVID-19 candidate vaccine […]
The NBU has not intervened on the interbank market for three weeks
The National Bank did not go out this week with interventions on the interbank market, according to the press service of the regulator on Friday, November 27. The Central Bank has been refusing to buy or sell currency for three weeks in a row. At the same time, since the beginning of the year, the […]
WHO has announced a new record weekly increase in COVID-19 cases
Last week, from November 16 to 22, more than 4 million people in the world became infected with the new type of coronavirus, which is a record number since the beginning of the pandemic. This was announced on Tuesday, November 24, the press service of the World Health Organization. According to the WHO, in these […]
Financial Times reported fall of a dollar to 20%
With the appearance of an effective vaccine against coronavirus and the subsequent recovery of the world economy, the US dollar may fall by 20%. This was reported by the Financial Times. It is noted that banks, which already had negative forecasts for the dollar next year, deteriorated expectations against the background of the emergence of […]
Citigroup predicted the dollar to fall by 20% next year
If coronavirus vaccines become widely available and help restore international trade and economic growth, the dollar is likely to fall by 20% in 2021. Bloomberg reports that this forecast was made by Citigroup Bank. If the forecast comes true, it will be a record drop since 1985, when the DXY index fell by 18.5% over […]
BioNTech and Pfizer report successful third phase of coronavirus vaccine clinical trials
BioNTech from Mainz and US pharmaceutical giant Pfizer have announced the successful third phase of clinical trials of the vaccine from COVID. The company said in a statement that registration is expected in November. According to the release, the third phase of clinical trials of BNT162b2 showed its effectiveness by more than 90% among trial […]
Insurance Group TAS, which was owned Tihipko sold to a Cyprus company
The National Committee of state regulation of the financial services allowed the Cypriot company Bailican Ltd. establish control over the Insurance Company "TAS" and Insurance Group "TAS". The National Committee of state regulation of the financial services, July 12, according to the order number 1667, allowed to a Cypriot company Bailican Ltd. indirectly acquire 99.9559% […]
Yuzhmash provides Antares Carrier Rocket Shipment to the USA
According to Interfax-Ukraine, the State Enterprise Production Association Yuzhny Machine-Building Plant named after A.M. Makarov (Yuzhmash) has provided the first step of Antares carrier rocket (CR) medium-class shipping by the interests of Orbital ATK Inc. (NYSE: OA) Company. The international space station renewed the cargo flight after CR modernization with Mild-Atlantic Regional Spaceport due to […]
The Ukrainian startup Blynk launched a joint product with the electronics manufacturer SparkFun
Ukrainian company Blynk, which develops software for creating its own IoT-applications, announced a contract with a major manufacturer of Electronics – SparkFun. In collaboration was created the product SparkFun Blynk Board. Blynk also entered the start package of the SparkFun IoT Starter Kit with Blynk. The fact that the startup conducts negotiations with a major […]
CEO Pfizer sold $ 5.6 million worth of shares
On Monday, November 9, Pfizer CEO Albert Burla sold 62% of his shares in the pharmaceutical company. This was reported by Markers Insider, citing documents from the US Securities and Exchange Commission (SEC). On the same day, Pfizer and BioNTech announced that their experimental COVID-19 vaccine had been successfully tested. Albert Burla sold 132,508 shares […]
Trump announced the release of the COVID-19 vaccine in the shortest possible time
The United States plans to announce the readiness of the American vaccine against the coronavirus infection COVID-19 in the near future. The promise was made on Thursday by US President Donald Trump during the final round of election debates with the Democratic candidate Joe Biden at Belmont University in Nashville, Tennessee. This was reported by […]
If you believe in yourself, work and learn all the time – success in business is inevitable
Personal position, incredible belief in yourself and in what you do, the constant acquisition of new skills and flexibility, having learned which, in the future you will be able to beat usefully any idea. These are the most important principles by which develops business, said business manager Yuliia Zoteeva. During her training Yuliia substantiate her […]
URE Club: 10 years of creating opportunities
In autumn 2008, when the companies did not seem to take care about participation in associations, an absolutely new union, unique both regarding a format and essence, appeared at the real estate market of Kyiv. It is the union that, for a decade, has been successfully helping to solve the most topical issues in the […]
Oracle is negotiating about buying TikTok
Newspaper Financial Times found that IT-Oracle Corporation wants to buy Chinese video service TikTok. About this edition with reference to sources wrote on August 18. Official information about negotiations in ByteDance (it owns TikTok), nor Oracle did not comment. According to sources of FT, the company also is negotiating with investors who own shares in […]
Relations Refinement Registration with the Builder. Part III
Continuing a topic of the relations correct registration between investors and the builder we continue to inform about legal niceties of such relations possible options registration within a "Construction scam"special project. We have already said about how to arrange the agreement of share participation, the purchase and sale provisional agreement. Today it will be an […]
Shares of world banks is falling after the data leak
Quotes of some international banks began to fall after the leakage of FinCEN files. This was reported by the publication Ukrainian Capital with reference to the auction data. The files contain information on suspicious transactions worth $ 2 trillion through the world's largest banks. Shares of Deutsche Bank, which, according to FinCEN files, conducted transactions […]
Prometey has invested in the elevator in Kirovograd
In early May, the network of elevators of the Prometey company gained another one – in the village Zaliznichnoe Olshansky district of Kirovograd region, in the Yosipovka railway station. The elevator is operable, on its base continues the acceptance of grain and oilseed crops of the gather 2015, – says the press service of the […]
Vinnytsia IT – Academy received 10 million UAH from the RIA Fund
Founder of media corporation RIA Media Corp. Oleksandr Chovhan singled out from his eponymous Foundation impressive sum of money in the development of IT sphere in Ukraine. The funds were invested in Vinnitsa IT – Academy in exchange for a share in the amount of 61% in the structure of the institution. According to Tetiana […]
Huawei turns onto Ukraine
Huawei Technologies Co. Ltd. is going to open the department in Ukraine. The representatives of Ukrainian delegation who had visited the Eastern country with diplomatic purpose informed about it. The parties have discussed the perspectives of countries cooperation in the sphere of economy and business. The main thing was R&D centre and laboratory opening on the […]
The Unison Bank filed a lawsuit against the National Bank and the Deposit Guarantee Fund
The shareholders of the Unison Bank filed two lawsuits to the District Administrative Court of Kyiv, demanding to recognize the illegal and to cancel the decision of the Board of the NBU on the recognition of the bank insolvent. In the complaint the bank also requires to cancel the decision of the Deposit Guarantee Fund […]
ConocoPhillips is in talks to acquire rival Concho Resources
American oil and gas giant ConocoPhillips is in talks to acquire rival company Concho Resources, Bloomberg agency reported, citing to the sources that familiar with the matter. "Companies may announce the operation in the next few weeks," – say the interlocutors of the agency. However, there is no final decision yet, and negotiations may fail. […]
© 2021 LDaily Ukraine. All rights reserved
Development by Grodas LLC
Authorization using
Register by
I agree to the user agreement and privacy policy LDaily
I want to receive new interviews, articles and news once a week