Cambrex to pump $30M into expanding North Carolina manufacturing site

URLhttps://www.fiercepharma.com/manufacturing/cambrex
SourceFIERCE Pharma
Date Published10/05/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Cambrex Corporation
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):78
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):30
City reshored to:High Point
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredpharmaceuticals, small-molecule pharmaceuticals
What domestic positive factors made reshoring more attractive?Lead time/Time to market
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