Lupin to invest Rs 450 cr in capex and acquisitions

Date: 13-10-2010

Lupin plans to invest an average $100 million (Rs 450 crore) each in the coming years for capital expansion and acquisition of foreign companies. The company is looking for acquisitions in Korea, Latin American countries and Western European region like Italy, Portugal and Russia.

The company had been investing an average $100 million each in the past few years to create facilities and is planning to continue to do so in future. Lupin would prefer only risk-free low-cost acquisitions. The company’s main strategy is to utilise the strength of India as a low-cost, quality manufacturing destination and serve the global market from its facilities here.

In the last two years, Lupin had acquired seven small companies in various geographies to create front-ends for marketing. Last week, the company increased its stake in Australia’s Generic Health to 57 per cent from 49.91 per cent.crack crack