Novo to invest €100M on site in France, adding 250 jobs

Novo Nordisk
Novo Nordisk's Chartres, France site

Novo Nordisk ($NVO), which just kicked off construction of a massive new plant in the U.S., says it also needs to expand further in Europe. The Denmark-based company will spend more than $110 million to build production facilities at its site in Chartres, France, adding 250 jobs in the process.

The drugmaker said the €100 million expansion will be at its existing 31,000-square-meter site in Chartres, where it currently produces drugs and its FlexPen injector. The project is expected to be complete in about three years, when 250 new workers will be brought on board, adding to the 1,100 employees currently working at the site, Novo said.

Over the last 15 years, Novo has invested more than €300 million in what Novo CEO Lars Rebien Sørensen referred to in a statement as “one of our most important strategic production sites.”

Free Webinar

What could you do with real-time supply chain information at your fingertips?

Interested in complete supply chain real-time data visibility? Unlock productivity with digital workflows, manage plants inventory with real-time supply chain information and enable faster decision-making with data visualization with pci | bridge. Register today!

Novo has been expanding its production network globally in anticipation of significant growth in demand for its insulin and other products as a worldwide diabetes epidemic burgeons. Its largest market, accounting for more than half its sales, is the U.S. and last year the company announced plans for its first API plant there.

Novo Nordisk last month kicked off construction on the $1.8 billion, 833,000-square-foot project in Clayton, NC. The plant will sit adjacent to Novo's current manufacturing facilities in there: a 457,000-square-foot facility which handles formulation, filling and packaging of diabetes meds. When the new plant is complete, the company will add about 700 jobs to its site in Clayton. It will manufacture the active ingredients for a daily oral treatment for Type 2 diabetes, as well as other current and future Novo insulin products.

The Clayton buildup is part of $2 billion expansion the drugmaker announced in August, which included a new production facility in Måløv, Denmark. That facility will handle tableting and packaging of the oral diabetes med as well as other oral meds Novo develops. The $200 million investment in Måløv will create 100 new jobs there. It also opened a plant in Russia last year and is considering building a facility in Iran. 

- here’s the release 

Related Articles:
Novo starts construction on $1.8B plant in U.S. 
Novo to spend $1.2B, hire 700 for its first major drug plant in U.S.

Suggested Articles

With a slate of vaccine authorizations on the horizon, vaccine execs from a trio of leading shot makers are looking at distribution hurdles ahead.

News of an FDA plant inspection for a Macrogenics drug boosted investor confidence in BMS' ability to meet its year-end deadline for liso-cel.

Pfizer is pushing back on a Thursday report claiming it suddenly revised its COVID-19 vaccine targets for 2020, saying it announced that last month.