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WST
West Breaks Ground for its Second Manufacturing Plant in China
West Pharma (NYSE:WST)
Intraday Stock Chart
Today : Wednesday 15 June 2011
West Pharmaceutical Services, Inc. (NYSE: WST), a global leader in innovative solutions for injectable drug administration, hosted a groundbreaking ceremony to mark the start of construction for a compression molding plant in the Shanghai Qingpu Industrial Zone (SQIZ) in China. The new plant will be adjacent to West’s injection molding facility that was dedicated in September 2009.
When completed, the plant will manufacture components used for pharmaceutical packaging, supplying customers primarily in China and the Asia-Pacific region. The 11,900-square-meter facility is expected to begin production in January 2013.
“West is experiencing an exciting period of growth in the Asia-Pacific region and we are proud to begin our second manufacturing facility in China,” said Donald E. Morel, Jr., West’s Chairman and Chief Executive Officer. “This facility is being established to provide better service to our customers in China, offering shorter lead times for delivery of our world-class pharmaceutical packaging products and creating new, flexible capacity to meet the growing needs of new customers in China and throughout the Asia-Pacific region. Our investment in this new facility demonstrates our commitment to and confidence in the China market
