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Tianjin Pharma's Indonesian JV a stepping stone to international expansion

 
• By Wang Fangqing

While many big Chinese pharma companies are looking at the US market to take their first international steps, Tianjin Pharma, a state-owned group and the local partner in GlaxoSmithKline's joint venture in China, has decided to begin its planned global expansion in Southeast Asia.

While many big Chinese pharma companies are looking at the US market to take their first international steps, Tianjin Pharma, a state-owned group and the local partner in GlaxoSmithKline's joint venture in China, has decided to begin its planned global expansion in Southeast Asia.

The firm has entered into a joint venture in Indonesia with Jakarta-based Kimia Farma and another local firm, Tigaka Distrinto. The three companies will jointly invest $27.7 million to build...

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