Governor Corbett Announces at Least 80 New Jobs in Lehigh Valley with Pharmaceutical Company's Purchase, Renovation of Former Amcor Site
HARRISBURG, Pa., Feb. 15, 2011 /PRNewswire-USNewswire/ -- Governor Tom Corbett today announced that the global pharmaceutical company Daiichi Sankyo Inc. will create more than 80 jobs in the Lehigh Valley with the establishment of its first U.S. manufacturing and packaging operation.
Daiichi Sankyo Inc. will buy and renovate the 140,000-square-foot former Amcor packaging facility and have it fully operational this fall. Once the facility is fully operational, it is expected to package the company's entire line of marketed products in the U.S.
"Creating and protecting family sustaining jobs in Pennsylvania is one of this administration's priorities, so I'm pleased to announce Daiichi Sankyo's decision to select Bethlehem for its first U.S. packaging and manufacturing plant," said Governor Corbett. "By creating more than 80 jobs, continuing the productive use of a facility that had been closed and injecting more than $15 million in private investment into the local economy, this project will positively impact the Lehigh Valley."
The total cost of the project – which includes the facility's purchase and renovation, new equipment acquisition, and employee training – is $19.6 million. The project will create at least 82 jobs in Bethlehem within three years.
DSI – formed in 2006 and headquartered in Parsippany, N.J. – is the U.S. subsidiary of global pharmaceutical company Daiichi Sankyo Co. Ltd. DSI, which has nearly 3,000 U.S. employees, is focused on the development of cardiovascular and oncology therapies and concentrates in the therapy areas of hypertension, thrombosis, dyslipidemia, diabetes and acute coronary syndrome.
"This move diversifies our capabilities and allows us to streamline our operations and minimize commercialization risk by exerting greater control over the life cycle of our products, from research and development through packaging and distribution," said Jeff Lane, vice president o