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Demand spurs Investment in Production Capacity

Demand spurs Investment in Production Capacity
Mar 10 2021 Read 309 Times
In response to the current high demand for viral transport media, which has been intensified by the COVID-19 pandemic, Teknova has constructed dedicated new clean rooms, designed from scratch to meet the ISO 13485 and GMP standards required for production of its saline, VTM and ATM products. The company also invested in advanced, high-throughput automated lines, significantly streamlining the media production process. Vice President of Engineering, Jose Olague, said: “Automating the manufacturing process enabled us to rapidly scale up production from 300,000 to over 1 million tubes per week, and control contamination risks even more tightly. The larger production volumes also mean we can offer an extremely competitive price on our transport media, ensuring value for customers and greater access to these important products.” ....

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Global outlook highly uncertain due to Covid-19

Top Story
March 10, 2021
ISLAMABAD: Different international financial institutions have projected varied GDP growth projections for India ranging from 5.4 percent by World Bank to 13.7 percent by Moody for 2021-22.
Fitch and HSBC Bank have projected India’s GDP growth in the range of 11 and 11.2 percent respectively. The World Bank has projected GDP growth rate for India at 5.4 percent. According to CNN, after plunging into recession for the first time in nearly a quarter of a century, India s economy should come roaring back to life in 2021. India s gross domestic product is projected to expand by 12.6% during the country s fiscal year starting in April, according to a forecast released Tuesday by the Organization for Economic Cooperation and Development. If that level of growth is realized, it would allow India to reclaim its status as the fastest growing major economy stealing the title back from China, which the OECD expects will deliver growth of 7.8% this ca ....

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