Piramal Pharma Solutions investing $80M to expand Lexington manufacturing, create 45 jobs

URLhttps://www.lanereport.com/176860/2024/09/piramal-
SourceThe Lane Report
Date Published09/30/2024

Additional Reshoring Information:

Company/Division name Piramal Pharma Solutions
Parent companyPiramal Pharma Solutions
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):45
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
Capital investment ($):80
Country(ies) from which reshored:Japan
City reshored to:Lexington
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Apparel & Textiles, Medical Equipment & Supplies
Product(s) reshoredSterile Liquid and Freeze-Dried Injectables
What domestic positive factors made reshoring more attractive?Impact on domestic economy, Skilled workforce availability/training
Government Incentive dollar amount:1.2
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