PIOMBINO DESE, Italy–(BUSINESS WIRE)–Stevanato Group S.p.A. (NYSE: STVN) a number one international supplier of drug containment, drug supply, and diagnostic options to the pharmaceutical, biotechnology, and life sciences industries, at this time introduced the acquisition of a brand new industrial advanced in Cisterna di Latina, Italy. The new facility is predicted to strengthen Stevanato Group’s presence in Europe and develop the Company’s manufacturing capabilities to fulfill elevated demand for its normal and premium merchandise from high-growth prospects.
“As our customers continue to advance specialized treatments and patient care, the need for high-quality drug containment such as our high-value solutions continues to grow. Our integrated solutions resonate with our customers, and we aim to be the partner of choice in the research and development of innovative pharmaceutical delivery solutions,” stated Franco Moro, Chief Executive Officer of Stevanato Group. “For these reasons, we are investing in our global network to expand our industrial footprint, operations and premium-product capacity to match our customers’ needs.”
The new 65,000-square-meter brownfield facility will likely be partly powered by renewable sources, including manufacturing capabilities and applied sciences to enrich the Company’s current plant in Latina, Italy. The web site will likely be devoted to the manufacturing of normal and EZ-fill® options, utilizing Stevanato Group’s state-of-the-art engineering expertise and providing prospects wider ensures in danger mitigation and provide chain robustness.
The firm is predicted to make use of round 190 folks in the brand new Latina plant; manufacturing is deliberate to begin in 2023 with the primary EZ-fill® strains will likely be operational from the second half of the identical yr.
Franco Moro added, “We are strategically expanding in one of the largest pharmaceutical hubs in Italy to serve our customers’ growing needs for EZ-fill® solutions and other products.”
About Stevanato Group
Founded in 1949, Stevanato Group is a number one international supplier of drug containment, drug supply and diagnostic options to the pharmaceutical, biotechnology and life sciences industries. The Group delivers an built-in, end-to-end portfolio of merchandise, processes and companies that tackle buyer wants throughout all the drug life cycle at every of the event, medical and industrial phases. Stevanato Group’s core capabilities in scientific analysis and growth, its dedication to technical innovation and its engineering excellence are central to its capacity to supply worth added options to purchasers. To study extra, go to stevanatogroup.com.
Forward-Looking Statements
This press launch could embrace forward-looking statements. The phrases “expected”, “expects”, “intended”, “plans” and comparable expressions (or their destructive) determine sure of those forward-looking statements. These forward-looking statements are statements relating to the Company’s intentions, beliefs or present expectations regarding, amongst different issues, the dimensions and use of the plant, the development and timing of its plant, influence of the plant of the Company’s enterprise and outcomes of operations and the character of the plant as soon as full.
The forward-looking statements in this press launch are based mostly on quite a few assumptions relating to the Company’s current and future enterprise methods and the setting in which the Company will function in the longer term.
Forward-looking statements contain inherent recognized and unknown dangers, uncertainties and contingencies as a result of they relate to occasions and rely on circumstances that will or could not happen in the longer term and should trigger the precise outcomes, efficiency or achievements of the Company to be materially completely different from these expressed or implied by such ahead wanting statements.
Many of those dangers and uncertainties relate to elements which are past the Company’s capacity to regulate or estimate exactly, akin to future market circumstances, forex fluctuations, the habits of different market contributors, the actions of regulators and different elements such because the Company’s capacity to proceed to acquire financing to satisfy its liquidity wants, modifications in the political, social and regulatory framework in which the Company operates or in financial or technological traits or circumstances. Readers ought to subsequently not place undue reliance on these statements, notably not in reference to any contract or funding choice. Except as required by legislation, the corporate assumes no obligation to replace any such forward-looking statements.
Stevanato Group Adding New Capacity in Italy Amid Growing Demand for Its Market-Leading Solutions & More Latest News Update
Stevanato Group Adding New Capacity in Italy Amid Growing Demand for Its Market-Leading Solutions & More Live News
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