BRIEF

on GEA Group Aktiengesellschaft (isin : DE0006602006)

GEA Group Set to Transform Pharmaceutical Freeze-Drying with New Factory in Elsdorf

GEA Group Aktiengesellschaft has announced the commencement of construction for a groundbreaking pharmaceutical technology center in Elsdorf, Germany. This EUR 80 million investment is poised to innovate the pharmaceutical freeze-drying sector, with the facility's opening slated for the latter half of 2025. The new center aims to meet the surging global demand for vaccines, leveraging cutting-edge technology and sustainable manufacturing processes.

The Elsdorf factory, marking GEA’s second "Factory of the Future", spans over 40,000 square meters and promises to uphold the highest standards of sustainability aligned with the company's manufacturing ethos. GEA’s initiative will see 250 employees from its current location in Hürth transition to this state-of-the-art plant. The company's focus extends to digitalization and modular manufacturing structures, ensuring flexible and expedited production processes.

GEA's CEO, Stefan Klebert, highlights the strategic importance of the investment, envisioning it as a gateway to enhanced innovation and customer service in the pharmaceutical sector. The factory is also a testament to the company's commitment to sustainability, featuring its own photovoltaic system and other eco-friendly design elements such as a green roof and a comprehensive water retention system.

The local community and Mayor of Elsdorf have expressed enthusiasm for the positive economic and structural impacts anticipated from GEA’s new establishment. This venture underscores the attractiveness of Elsdorf as a significant business hub, promising valuable jobs and boosting the region's economy.

R. E.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all GEA Group Aktiengesellschaft news