Pine Pharmaceuticals will expand its manufacturing plant in the Town of Tonawanda.
The drug outsourcing company – which moved to the 25,000-sq.-ft. building at 355 Riverwalk Parkway in the Riverview Solar Technology Park in May of 2018 – will be tripling the size of the plant.
The company is investing $8.6 million for a 50,000-sq.-ft. addition to the existing facility which will allow it to hire 40 new full-time permanent employees and retain 85 existing full-time permanent employees.
The new single-story addition to the sterile compounding facility will include warehousing, quality, and manufacturing space. Other significant investment includes ISO-certified cleanrooms and manufacturing equipment. The company will use the additional space to produce IV bags and other complex products, as well as for inspection, packaging, labeling and storage.
The company is seeking to begin construction in March and complete the addition by the end of 2021. Montante Construction President Douglas Elia said that they’re “once again partnering” with Pine on the expansion of the Muto family’s manufacturing facility.
The company is receiving $650,000 in refundable tax credits from the state’s Excelsior Jobs Program.