Piramal Pharma Solutions Plans Expansion in Right to Work Kentucky
Piramal Pharma Solutions is planning to expand soon in Right to Work Lexington, Kentucky. In order to cover the cost, the pharmaceutical company is investing around $80 million toward the project. They will also create 45 new jobs, so this is an exciting economic development!
From Area Development Magazine:
“The injectables market has steadily increased in recent years, and there is currently insufficient supply. We are committed to adapting to meet this rising demand. […] This expansion will significantly enhance the capacity and capabilities of our Lexington facility, positioning Piramal as a comprehensive partner across the entire product life cycle and enabling us to provide treatment solutions to more patients.” […]
“Kentucky’s business-friendly climate, prime location and access to resources make it an ideal destination for companies to locate, expand and thrive. […] The decision by Piramal Pharma Solutions’ leadership to expand and reinvest here is a testament to their trust and belief in what this great state has to offer. I want to thank the company’s leaders and wish Piramal continued success in Lexington.” […]
“Piramal Pharma Solutions’ decision to expand its Lexington operations is a significant step forward for our region’s economic growth. […] This investment not only demonstrates Piramal’s confidence in our community and workforce but also underscores Lexington’s position as a prime location for innovative companies to grow and thrive. We look forward to the positive impact this expansion will have on our local economy and the new opportunities it will create for our residents.”
To read the previous economic update on Right to Work states, click here.