Reuters says that Pfizer ( NYSE:PFE ) plans to put more than €1.2 billion ($1.26 billion) into its factory in Puurs, Belgium, to make it bigger. The building has been used to make the COVID-19 vaccine, which was made by the company and BioNTech ( NASDAQ:BNTX ). The paper said that production there started when the US and EU started giving vaccines to fight the epidemic in late 2020.
The company wants to add more space at the Puurs site for packing, cold storage, and making and bottling doses of drug substances. According to the article, the expansion will increase the staff, which has increased from 2.8K before the epidemic to 4.5K, by around 250 jobs. Pfizer said the day before that it would invest more than €1.2 billion ($1.26 billion) in Ireland to increase its ability to make biological medicines at its Dublin location.
Developments Behind Pfizer Stock
The company has been making investments to increase manufacturing in the United States and has plans to upgrade its plants in McPherson, Kansas, Rocky Mount, North Carolina, and Kalamazoo, Michigan. The source also said that Pfizer plans to spend around $1 billion to improve the ability of its factories in Massachusetts and North Carolina to make gene therapies.
Pfizer ( NYSE:PFE ) said it would spend more than €1.2 billion ($1.26 billion) in Ireland to build a new facility that will dou...
Click here to read the full article on PressReach.com .Subscribe to the PressReach RSS feeds:
- Featured News RSS feed
- Investing News RSS feed
- Daily Press Releases RSS feed
- Trading Tips RSS feed
- Investing Videos RSS feed
Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube