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TAIPEI, Oct 1 Asia Pulse - The Pingtung Agricultural Biotechnology Park, eyeing the significant growth potential of the animal vaccine industry, plans to set up the world's first factory zone dedicated to the development and production of such vaccines, a park administration official said Sunday.
The administration office is scheduled to hold an open tender process to select a qualified contractor to draft a blueprint for the zone's development by the end of next year and the construction is expected to be completed and be available for rent by the end of 2009, according to the official.
The veterinary vaccines sector continues to contribute greatly to global animal health and nutrition product revenues, the official said, adding that at present, the market value of Taiwan's animal vaccines is estimated at US$50 million (NT$1.6 billion), of which made-in-Taiwan veterinary vaccines accounting for an estimated of US$15 million.
The spokesman added the growth rate in developing countries was the most remarkable, registering a 14 percent year-on-year growth on average.
Based on Taiwan's rich talent pool of veterinary vaccine research and development and ...