Vecol to invest Peso$17bil in new lab

Vecol of Colombia will be investing Peso$17bil in its new biological-products laboratory. Construction will begin this year and should be complete before 2010, ready to make 11 different vaccines for animals and humans. Empresa Colombiana de Productos Agropecuarios (Vecol) will modernise its production and its products whilst continuing to produce its vaccine against human rabies which could soon be part of a mass vaccination programme backed by the Ministerio de la Proteccion Social (two youngsters have died in El Cauca in the last month from rabies). Vecol posted profits of Peso$7.528bil in 2007 from sales of Peso$55.421bil as its fine decade continues. The firm exports successfully to Venezuela, Peru and Uruguay.

Publication: SABI - Business News
Provider: South American Business Information
Date: April 10, 2008

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