Mitigating factor: Workers packing and labelling bottles containing pharmaceutical products at Hovid’s plant in Chemor which contributes 70 of company’s total capacity.
CIMB Research: Chemor plant resumption good news
PETALING JAYA: Although Hovid Bhd’s Ipoh plant is still suspended from operations, the resumption of production at its Chemor plant bodes well for the Perak-based healthcare and pharmaceutical company, which had the manufacturing licences of both the plants revoked in January.
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