Capsugel announces $15 million expansion in Greenwood
January 15, 2010
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The South Carolina Department of Commerce and the Greenwood Partnership Alliance today announced that Capsugel, a global leader in capsule manufacturing and liquid drug delivery products and services, will expand its operations in Greenwood County. The $15 million investment is expected to create 50 new jobs.
Ron Millender, Vice President and General Manager of the Americas Region for Capsugel added, “the market demand for delivery of pharmaceutical and health food supplement solutions in a liquid capsule form has expanded significantly over the last five years. Capsugel’s proprietary development services have driven the need to add manufacturing capabilities in order to satisfy market demand. We are excited to be able to add the additional capability of pharmaceutical manufacturing to our Licaps Drug Delivery System line here in Greenwood.”
Capsugel currently employs over 700 colleagues at its Greenwood facility. The company is planning a 14,500 square foot expansion to its Emerald Road facility that will create additional office, lab, and production space. It is scheduled to be completed by January, 2011.
“Capsugel is a world-class company and an important part of South Carolina’s biotechnology sector. Their continued growth in South Carolina is a positive reflection of our state’s skilled workforce and an indication that we have established an environment in which businesses can be highly competitive and succeed. We congratulate Capsugel on their expansion and wish them continued success in their endeavors,” said Joe Taylor, Secretary of Commerce.
“We congratulate Capsugel on its success in Greenwood County and look forward to continued growth,” said Mark Warner, CEO of Greenwood Partnership Alliance. “I believe an expansion announcement in this kind of economy is a real testament that the quality of our workforce and our business-friendly climate is right for Capsugel.”
Robbie Templeton, Greenwood County Council Chairman added, “economic development is a team effort on a local and state level. This is a great example of what happens when the South Carolina Department of Commerce, Duke Energy, Greenwood County Council and the Greenwood Partnership Alliance work together. We especially want to thank Capsugel for their success and commitment to our community.”
Capsugel, a division of Pfizer Inc. with over 2,800 colleagues and ten manufacturing facilities around the world, is a global leader in innovative dosage forms and solutions for the healthcare industry. Offering a comprehensive array of products and services, from hard gelatin, softgel, and vegetarian capsules, to innovative R&D equipment and liquid formulations as part of its Licaps® Drug Delivery System, Capsugel is at the forefront of drug delivery innovation providing support to customers from formulation to final production. For more information about Capsugel, visit www.capsugel.com.
