Aspen announces massive PE investment

South Africa’s leading private pharmaceutical company, Aspen Pharmacare Holdings, has announced a massive R3-billion investment in three new facilities – two of them in Port Elizabeth and one in Cape Town.

The new Port Elizabeth facilities will create about 145 new positions, most of which will require skilled workers due to the highly specialised and regulated nature of the industry.

The company, which is based in the city, announced its expansion plans in its annual company report, which was released on Wednesday.

The JSE-listed entity’s new facilities – mainly for export production – will boost its already extensive array of products, which reach more than 150 countries from its 26 manufacturing facilities on six continents.