Switzerland-based generic pharmaceuticals and biosimilars company, Sandoz has invested $50.5m (€50m) to open a new production facility in Kundl, Austria.

The 3,000m2 manufacturing area allows for the production of an additional one billion penicillin tablets while also doubling the output of powder oral suspension (POS), primarily used in paediatric medicines. The new plant and automated manufacturing lines also add 20% to its current annual production capacity of 200 million packages.

Richard Saynor, CEO of Sandoz, said: “Kundl, as the hub and centre of our antibiotic production, is a true lighthouse project when it comes to the security of antibiotic supply. This investment is our contribution to fighting shortages and increasing access for patients. To be successful in the future, we need to join forces across healthcare systems and build a sustainable market environment for generic medicines, focused on what is best for patients.”

Part of its European-based production network, the opening of the new facility is part of a €200m investment into the site in Kundl, to upgrade penicillin API manufacturing and increase the output of finished products.

Headquartered in Basel, Sandoz Group AG develops, manufactures, distributes, and sells a range of prescription medicines, proteins, and biosimilars worldwide. It has over 20,000 employees worldwide.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.