Pfizer (NYSE:PFE) Plans €1.2B Investment in Belgium; Production to Expand
Over the next three years, Pfizer (NYSE:PFE) is planning to invest
about €1.2 billion in its Puurs manufacturing facility to boost
production capacity, cold storage options, and packaging processes.
The expansion is expected to create about 250 additional jobs at
the site. Pfizer develops, manufactures, and sells healthcare
products, including innovative medicines and vaccines. Pfizer said
that a portion of the investment is targeted to build an Isolator
Facility Center (IFC) with a couple of production modules to
increase filling capacity. Further, it seeks to construct a
flexible freezer warehouse and bolster secondary packaging capacity
with 16 additional cabins.
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