The US-based pharma major Pfizer Wednesday said it plans to shut down its manufacturing units in Chennai and Aurangabad in the current fiscal due to very significant long-term loss of product demand. The closure is expected to impact nearly 1,700 workers.
Its Irungattukottai unit in Tamil Nadu currently employs approximately 1,000 workers and Maharashtra's Aurangabad site employs approximately 700. The exact timing of the exit of these sites is yet to be determined, the drug major said.
The recommendation to exit both the sites are the result of significant loss of product demand making manufacturing at these sites unviable, the company said.
The plants had been part of its acquisition of US-based Hospira in 2015.
"Pfizer has conducted a thorough evaluation of the IKKT (Irungattukottai) and Aurangabad sites and concluded that due to the very significant long-term loss of product demand, manufacturing at these sites is not viable.
IKKT manufactured generic injectable cephalosporin, penems, and penicillin for the US, EU and rest of the world markets. It also produce branded Maxipime. The Aurangabad also supports IKKT by supplying penems and penicillin.
"Most of these products will be discontinued now due to the very significant long-term loss of product demand. There are no current ongoing manufacturing transfers of these products to other sites," said a Pfizer spokesperson.
The company's Vizag site is now being expanded into a global terminally sterilised manufacturing centre of excellence. It will cater to export markets, such as United States and eventually to Canada," the spokesperson added.
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