Pharmaceutical ingredients maker plans $25 million expansion at its Petersburg plant, adding 156 new jobs

SourceRichmond Times-Dispatch
Date Published05/04/2021
Author NameJohn Reid Blackwell
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name AMPAC Fine Chemicals
Parent companySK pharmteco
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):156
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2023
Capital investment ($):25
City reshored to:Petersburg
State(s) reshored to:VA
If relevant, work nearshored to:-
Product(s) reshoredactive pharmaceutical ingredients
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training, Under-utilized capacity, Other, import replacement
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