# Aspen Pharmacare pledges R3.4B for steriles platform in Port Elizabeth

Aspen Pharmacare pledged R3.4 billion to build a new global steriles platform in Port Elizabeth, South Africa, to establish itself as a global anaesthetic manufacturing hub. Commercial production is set to commence in early 2020.

- Type: Investment
- Announced: 2019-11-18
- Where: Port Elizabeth, South Africa
- Value: $230.0M (3.40B ZAR)
- Starts operating: Q1 2020
- Status: announced
- Products: general and local anaesthetics
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Aspen Pharmacare](https://endata.com/companies/40076.md)

## Sources

- [freightnews.co.za](https://freightnews.co.za/article/pharma-major-pledges-r34bn-investment), 2019-11-18: "Not only is it a vote of confidence in our economy, being the largest ever pharmaceutical investment in our country, but it establishes a national manufacturing asset for SA."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.