Ontario Partners With Life Sciences Manufacturer, Taro Pharmaceuticals, To Double Production Capacity In Brampton
04/29/2014
The Province of Ontario is contributing $7 million toward the $247 million project, which will increase Taro’s plant capacity by 50 per cent and potentially double the number of products it brings to market. Integrating R&D into the manufacturing process will help the firm supply its clients more efficiently and stay competitive. Through this project, Taro will anchor its facility in Ontario, keeping highly skilled jobs in the province, while reducing supply chain and transportation costs.
“This funding will help Taro Pharmaceuticals increase its global competitiveness while keeping highly skilled jobs here in Ontario. We are committed to partnering with companies like Taro to create jobs, attract investment and boost our economic strength for generations to come, “ Dr. Eric Hoskins, Minister of Economic Development, Trade and Employment.
“The government’s support provides a great opportunity for the community and for our company. This will help us further increase our manufacturing capacity to supply our customers, and also anchor the facility in Ontario rather than elsewhere in the world. Our team looks forward to further expanding our line of high-quality products and reducing supply chain and transportation costs to stay competitive,” said Daryl LeSueur, Vice President, Head of Operations for Taro Pharmaceuticals Inc.
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024