AGC Biologics to Invest 194 Million Dollars for Expanding Biopharmaceutical Production
Author:Ahlam RaisSource:PROCESS WORLDWIDELink:https://www.process-worldwide.com/agc-biologics-to-invest-194-million-dollars-for-expanding-biopharmaceutical-production-a-986125/
AGC Biologics has plans to expand its production capacity of biopharmaceuticals at its Copenhagen facility in Denmark. The expansion is expected to more than double the company's single-use bioreactor mammalian cell-culture capacity in the region.
Seattle/USA – AGC Biologics has recently announced that it will increase the production capacity of its Copenhagen facility. AGC Biologics will construct a new building on land adjacent to its current Copenhagen site, adding production floors with 2000L single-use bioreactors, labs and office space. The total investment for this expansion is estimated to be approximately 194 million dollars, and the start of operation is scheduled for 2023.
The biopharmaceutical CDMO market continues to grow at around 10 % annually, and the accumulation of contracts awarded to AGC Biologics is outpacing the market. This expansion will more than double AGC Biologics’ single-use bioreactor mammalian cell-culture capacity in Copenhagen, enabling AGC Biologics to meet the needs of the market. The new building will have a total floor area of approximately 19,000 sq. m and is an important part of AGC Biologics’ global expansion plan.
“We are continuously looking for ways to expand and extend our capabilities and capacities for our current and future customers,” says AGC Biologics Chief Executive Officer, Patricio Massera. “This significant expansion of the capacity of our Copenhagen facility will further strengthen our ability to meet the needs of our customers across our global network.”
“Building on our leadership in single use manufacturing, we are now establishing a new state of the art facility with a flexible and efficient set-up for biologic drug substance manufacturing. It will be a great facility and we are looking forward to making it available for existing and new customers,” says Chief Technical Officer, Kasper Møller.
Article classification: Industry News