Date:25/02/2005 URL: http://www.thehindubusinessline.com/2005/02/25/stories/2005022502010200.htm

Back JB Chemicals Panoli plant gets Australian approval

Our Bureau

Mumbai , Feb. 24

IN what will be the third regulatory clearance in a year, JB Chemicals and Pharmaceuticals Ltd (JBCPL) has received approvals from the Australian regulatory authority for its plant at Panoli, Gujarat. The plant has received approvals from the Therapeutic Goods Administration (TGA) Australia for its tablets manufacturing facility, the company told the BSE.

TGA has classified the plant as acceptable for the Australian market in all tablet dosage forms, chewable, dispersible, effervescent, film coated, sugar coated and uncoated. In the last 12 months, JB Chem has also received approvals from the regulatory authorities in the US and the UK, for the same plant.

The different approvals will help the company to establish itself in the Australian market, besides facilitating consolidation in the US and the UK. The company's export for fiscal 2003-04 was Rs 162 crore, constituting 52 per cent of its turnover.