Almac Group Inc. is planning to add more than 300 jobs in
Montgomery County over the next three years.
The global contract pharmaceutical development and
manufacturing organization is expanding operations at its existing
240,000-square-foot U.S. headquarters in Souderton, and doubling its physical
presence in Lansdale.
The Pennsylvania Department of Community and Economic
Development is providing Almac with $1.56 million grant under the state’s
Pennsylvania First Program to support the expansion.
Almac Group plans to invest more than $24.4 million on
the expansion, which will include new machine lines, computer equipment,
software, and an expanded cold storage area. The company, which has 1,100
employees in this region, said the expansion will create 312 new jobs.
“Due to significant industry demand for our services, it
is essential we build capacity and increase headcount to ensure we continue to
compete at a global level,” said Almac Group CEO Alan Armstrong. “This
investment signifies our confidence in the pool of talent and skills right on
our doorstep.”
Pa. Gov. Tom Wolf, speaking at a press conference to
announce the expansion plans, noted in 2007 Almac Group invested $100 million,
retained 495 jobs, and created another 264 jobs, when it established its U.S.
headquarters in Souderton.
“Since then," Wolf said, “we’ve seen Almac Group’s
significant contributions to the economic vitality of the region as a major
player in southeastern Pennsylvania’s strong bio-pharma industry.”
Almac Group's global headquarters are in Northern
Ireland.
Source: Philadelphia
Business Journal
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