Takeda completes new German manufacturing facility
Japan’s largest drugmaker, Takeda Pharmaceutical (TYO: 4502) says it has now completed the construction of new manufacturing facilities at its site in Oranienburg, Germany, aiming to deliver the firm's high-quality medicines to more patients in a timely manner as well as further address patients' needs.
The new facility was built at a total cost of around 100 million euros ($112 million) and is scheduled to begin operating at the end of 2017. The state of Brandenburg and the German federal government each contributed half of the approximately 23 million euros in subsidies for the plant expansion.
The importance of this investment was evidenced by the participation in the inauguration ceremonies of the Federal Chancellor of Germany, Angela Merkel, Japan's Ambassador to Germany, Takeshi Yagi, the Federal State Prime Minister of Brandenburg, Dietmar Woidke and Takeda’s president and chief executive, Christophe Weber.
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