/PRNewswire/ The pharmaceutical excipients market size is estimated to grow by USD 3,831.84 million from 2022 to 2027. The market is estimated to accelerate.
Establishment of an eighth Colorcon film coating facility meets the expanding needs of the pharmaceutical and nutritional sectors in Southeast Asia HARLEYSVILLE, Pa., June 6, 2023 /PRNewswire/ Colorcon, Inc. is proud to formally announce its investment in a new manufacturing plant in Johor State, Malaysia for its film coating products. Construction will begin in August 2023, with completion expected by July 2025. This best-in class facility will be the eighth in Colorcon's global network; and will produce high quality and innovative film coating products for pharmaceutical and nutraceutical manufacturers located in Southeast Asia region, including Australia and New Zealand. Colorcon, Inc. is investing in a new manufacturing plant in Johor State, Malaysia for its film coating products with completion expected by July 2025 According to CPHI's 2022 Global Survey, the ASEAN pharmaceutical manufacturing industry will grow by 12.8% annually over 2021-2027 driven by increasing pre