Allergan coughs up $200M for 322,000-SF expansion in WacoAllergan coughs up $200M for 322,000-SF expansion in Wacohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=129822016-04-26T05:00:00Z2016-04-26T20:30:00Z

​​WACO - ​​Allergan, the pharmaceutical giant, announced it will spend $200 million to expand its Waco plant over four years, a move that will more than double its capacity to produce eye care and dermatological products and will create 250 jobs in the near future. 

The 400,000-sf facility, located at 8301 Mars Dr., will expand 322,000 sf, giving it the capacity to formulate more than 40 different products for distribution to 110 countries.

The expansion will add a new raw material dispensary, automated bulk formulation suite, ten new production lines and additional warehouse space.

"Today's groundbreaking marks an important milestone for Allergan, strengthening our commitment to our people, operations and the partnership we have built with Waco and the Central Texas community for 27 years," Allergan President and CEO Brent Saunders said.

Saunders said the company considered a handful of Allergan sites for the expansion, but Waco was the clear winner.

Baylor University economist Tom Kelly estimates that upon completion of the capital expansion, Allergan's annual economic impact on the local economy will be about $460 million.

Kris Collins, senior vice president for economic development at the Greater Waco Chamber of Commerce, said Allergan will receive incentive money from the Waco-McLennan County Economic Development Corp. fund, but the exact amount remains under negotiation.

The facility, which has 750 employees, opened 27 years ago with 60 employees and now produces such brand names as Restasis, Lumigan, Combigan, Refresh Plus, Refresh Tears and Latisse.​

Waco Tribune-Herald
http://www.wacotrib.com/news/business/allergan-plans-m-expansion-creating-jobs-in-waco/article_d5bd0ae4-f12f-5439-928c-8e12f1fd52b4.htmlRead more at the {Source}

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