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Aceto Corporation
Aceto to make investment in India by establishing new subsidiary
July 4th, 2006
Aceto Corp. (ACET) announced that the company's board of directors has authorized an investment in India for the purchase or construction of a facility in or near Mumbai, India. This facility will be financed entirely from cash on hand. The purpose of the new facility is to expand Aceto's capabilities in servicing the global pharmaceutical industry by establishing Indian headquarters, which will house state-of-the-art pharmaceutical quality control, quality assurance and analytical laboratories, and will also serve as the company's Indian logistics center. This facility will also supply quality and analytical services in support of other Aceto...
Source: Pharma Law Weekly (2006-07-04)
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