Market
How many new jobs will Sanofi's Beijing facility create by end of 2026?
2
Resolution / Starting Odds
Less than 500 • 25%
500 to 1000 • 25%
1000 to 1500 • 25%
More than 1500 • 25%
Sanofi's official announcements or Chinese labor statistics
Story
Sanofi to Invest €1 Billion ($1.05 Billion) in Largest Single Investment for Beijing Insulin Production
Dec 2, 2024, 04:39 PM
Sanofi, the French pharmaceutical company, has announced plans to invest approximately 1 billion euros ($1.05 billion) to establish a new insulin production facility in Beijing. This investment marks Sanofi's largest single investment in China to date. The announcement follows a meeting between China's Commerce Minister Wang Wentao and Sanofi's Chairman Frédéric Oudéa, where Wang emphasized China's commitment to providing a favorable business environment for pharmaceutical companies. This development comes amid ongoing trade tensions between China and the European Union, highlighting Sanofi's strategic move to strengthen its presence in the Chinese market.
View original story
Similar markets
Not operational • 25%
Fully operational • 25%
Other • 25%
Partially operational • 25%
Construction completed • 25%
None of the above • 25%
Construction started • 25%
Production started • 25%
Project delayed • 25%
Project expedited • 25%
Project halted • 25%
Project unaffected • 25%
No change • 25%
Other • 25%
Improved relations • 25%
Worsened relations • 25%
No significant change • 25%
Increase by over 10% • 25%
Increase by 5-10% • 25%
Increase by less than 5% • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%