AVTR - Avantor breaks ground on new Ireland distribution center

Avantor (NYSE:AVTR) has broken ground on a new distribution center for essential production materials for biopharmaceutical manufacturers in Ireland. The facility will open later in 2022 and significantly increase distribution capacity for Avantor, meeting growing demand in Ireland's biopharmaceutical sector. It will span over 68,000 sqft. Avantor already operates one distribution facility in Dublin. The second center will feature capabilities such as batch-to-batch traceability, customized palletization and warehousing of cGMP certified products. It will also have on-site clean rooms for customers to sample raw materials for faster quality inspection and material receipt. Sheri Lewis, executive vice president, global supply chain operations, said: "The facility is the latest in a series of capital investments we have made to increase capacity and capabilities." Shares dipped -1.28% on February 3, despite the company reporting better-than-expected Q4 results.

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Avantor breaks ground on new Ireland distribution center