Thermo Fisher to Invest $82.5M in Manufacturing Facility Expansion

URLhttps://www.contractpharma.com/contents/view_break
SourceContract Pharma
Date Published09/27/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Thermo Fisher Scientific
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Reshoring
Total number of jobs (added or to be added):169
Year reshoring announced:2021
Capital investment ($):82.5
City reshored to:St. Louis
State(s) reshored to:MO
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredbiologic drug substance products
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Lead time/Time to market, Other, import replacement, Covid-19
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