{"id":599094,"date":"2019-06-18T04:03:20","date_gmt":"2019-06-18T04:03:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/gsk-inaugurates-new-egp-20-mn-line-in-its-giza-egypt-factory\/"},"modified":"2019-06-18T04:03:20","modified_gmt":"2019-06-18T04:03:20","slug":"gsk-inaugurates-new-egp-20-mn-line-in-its-giza-egypt-factory","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/gsk-inaugurates-new-egp-20-mn-line-in-its-giza-egypt-factory\/","title":{"rendered":"GSK inaugurates new EGP 20 mn line in its Giza, Egypt factory"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- GSK inaugurates new EGP 20 mn line:<\/b> GlaxoSmithKline (GSK) Consumer Healthcare inaugurated a EGP 20 mn production line yesterday, according to an Investment Ministry statement (pdf)<\/a>. The company will now have 11 production lines at its Giza facility, allowing it to produce 90 million boxes of the pain med and anti-inflammatory Voltaren Emulgel.<\/p>\n

GSK plans to invest EGP 100 mn this year: <\/b>The UK-based company will invest a total of EGP 100 mn in Egypt this year, the ministry statement noted. This will bring its total investments in the country to EGP 1.1 bn. GSK will be investing in developing more production lines and ensuring its brands\u2019 availability, North Africa General Manager Nabil Besri said (pdf)<\/a>.<\/p>\n

More British business expected to come:<\/b> UK-based health companies are planning to increase their investments under an \u201cEgyptian-British plan\u201d for the sector, British Ambassador Sir Geoffrey Adams said. \u201cBritain has an ambitious plan for health care in Egypt,\u201d Adams added without elaborating further.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- GSK inaugurates new EGP 20 mn line: GlaxoSmithKline (GSK) Consumer Healthcare inaugurated a EGP 20 mn production line yesterday, according to an Investment Ministry statement (pdf). The company will now have 11 production lines at its Giza facility, allowing it to produce 90 million boxes of the pain med and anti-inflammatory Voltaren Emulgel. […]<\/p>\n","protected":false},"author":1,"featured_media":599095,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,7115,125,131,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-healthcare","tag-investment-watch","tag-manufacturing","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"693d33ec-1151-45f6-85d4-71cbfe452c9b","is_powered_by":true,"section_story_id":"b692d5e9-308f-4b04-b0c0-c7125b36918b","story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/465.jpg","photo_position":"above","related_issue":[599082],"teaser":"","voice_url":""},"yoast_head":"\nGSK inaugurates new EGP 20 mn line in its Giza, Egypt factory - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/gsk-inaugurates-new-egp-20-mn-line-in-its-giza-egypt-factory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GSK inaugurates new EGP 20 mn line in its Giza, Egypt factory\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- GSK inaugurates new EGP 20 mn line: GlaxoSmithKline (GSK) Consumer Healthcare inaugurated a EGP 20 mn production line yesterday, according to an Investment Ministry statement (pdf). 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Sales also rose during the period, increasing 164.3% y-o-y to EGP 370.2 mn.MARKET ROUNDUP-The EGX30 fell 0.3% at today\u2019s close\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572743,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/07\/earnings-watch-gsk-turns-profits-in-1q2020\/","url_meta":{"origin":599094,"position":2},"title":"Earnings watch: GSK turns profits in 1Q2020","author":"enterpriseam admin","date":"7 July 2020","format":false,"excerpt":"EARNINGS WATCH- Glaxo SmithKline\u2019s local subsidiary reported profits of EGP 33.1 mn in 1Q2020 after having recorded loses EGP 7.5 mn in the first quarter of last year, according to a disclosure to the EGX (pdf).","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":551167,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/earnings-watch-prime-holding-gsk\/","url_meta":{"origin":599094,"position":3},"title":"Earnings watch: Prime Holding, GSK,","author":"enterpriseam admin","date":"30 May 2022","format":false,"excerpt":"EARNINGS WATCH- Prime Holding\u2019s bottom-line losses widened further in 1Q2022 to EGP 17.5 mn compared to EGP 11.4 mn in 1Q2021, according to an earnings release (pdf). Revenues fell 38% in 1Q2022 to EGP 20.1 mn.GlaxoSmithKline saw its bottom line soar 449.3% y-o-y in 2021 to EGP 154.63 mn, according\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564153,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/11\/earnings-watch-beltone-nbk-egypt-credit-agricole-egypt-gsk-obour-land-arabian-cement\/","url_meta":{"origin":599094,"position":4},"title":"Earnings watch: Beltone, NBK Egypt, Credit Agricole Egypt, GSK, Obour Land, Arabian Cement","author":"enterpriseam admin","date":"11 August 2021","format":false,"excerpt":"EARNINGS WATCH- Beltone Financial reported net income of EGP 4.7 mn in 2Q2021, up from a loss of EGP 12.1 mn in 2Q2020 and net income of almost EGP 3.8 mn in the first quarter of this year, according to an earnings report (pdf). The company\u2019s revenues reached EGP 95.9\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567420,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/matalan-gsk-agree-to-invest-gbp-30-mn-in-egypt-at-uk-africa-investment-summit\/","url_meta":{"origin":599094,"position":5},"title":"Matalan, GSK agree to invest GBP 30 mn in Egypt at UK-Africa Investment Summit.","author":"enterpriseam admin","date":"22 January 2020","format":false,"excerpt":"INVESTMENT WATCH- Matalan, GSK agree to invest GBP 30 mn in Egypt at UK-Africa Investment Summit: UK fashion retailer Matalan will invest GBP 25 mn over the next five years building 20 outlets in Egypt, the British embassy in Cairo and a spokesperson for the UK government announced on social\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/667.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=599094"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599094\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/599082"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/599095"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=599094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=599094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=599094"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=599094"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=599094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}