Business

Tuesday, November 19, 2013

Argus

Inspiring duo tell their stories

Page 7

Penn Pharma secures global contracts in its new contained facility

PENN Pharma has exceeded expectations and is on track to deliver its ambitious growth expectations after securing multiple contracts with companies from across the globe less than two months after officially opening its new contained manufacturing facility. The company, based in Tredegar, has recently signed contracts with customers including those from Europe, America and Japan after opening the new facility which contains cutting edge technology for the manufacture of products containing highly potent compounds. Penn announced its plans to build the new facility in 2012 and the first batch of coated tablets were produced in May of this year. The facility has been purpose-built to meet the growing market need for truly contained manufacturing processes. Successfully securing multiple global contracts has verified Penns vision and investment strategy that led to the design and build of this new state-of-the-art facility. With each contract signed, Penn continues to demonstrate its leadership in this market. Richard Yarwood, Penn Pharmas chief executive officer, said: Our vision is to become the preferred partner for the supply of oral doses containing potent molecules for both investigational and commercial use and this facility will help us to achieve this. The fact that we have secured several contracts with international customers so quickly after opening demonstrates that we have provided a superior solution to meet customer needs. Penn Pharma delivers integrated drug development, clinical trial supply and manufacturing services to the international healthcare industry.

Penn Pharma

IAC boss disputes Carneys claim of green shoots

LEADING South Wales manufacturing business boss Peter Lewis has questioned Bank of England Governor Mark Carneys green shoots of recovery claim. Peter, managing director of multi-award winning industrial systems integrator Industrial Automation Control Ltd (IAC), is sceptical of the widely publicised green shoots view rapidly gaining momentum in UK Government circles. Peter spoke to Business Argus on the eve of his latest business development trip, which will take him across the globe to the Middle East and then China to open new markets for IAC. Peter has his manufacturing base at Delta House,

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Queensway Meadows, Newport. IAC also operates out of a prime city centre location at Mill Street. Its high value, precision engineered automation equipment is exported to key world markets. The business also has centres in Cross Hands, West Wales and South Africa. IAC Ltd employs 106 people and has an annual turnover of some 12m. Peter said: At IAC we have not seen a recovery of any consequence. On the contrary, we have seen order intake slow down

Peter Lewis, IAC MD and competition become stiffer. He said: Our competitors are undercutting us on price to take work at little or no margin. An increase in house prices and retail trade increases do not affect the manufacturing business,

particularly the heavy industrial sector we operate in. We have to work even harder to win business and to this end we have to look overseas for the investment. The UK manufacturing sector was decimated in Thatchers 80s and we have been slow to recover from it. The metals industry in particular is tiny compared to then. We do not have British Steel, Alcan, GKN and the like in our area. Most of what was Llanwern steelworks is now a new housing estate and soon-to-be-developed business park. Peter recruits two electrical engineering apprentices each year with eight currently employed at IAC. A pair of Turn to page 2

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