Schwarz Pharma Manufacturing Inc. today announced a $12 million expansion of its Seymour manufacturing plant and distribution
center, a move that's expected to increase the company's employment in the southern Indiana city from 366 to 516 by 2011.
The drug maker-a unit of Schwarz Pharma AG of Monheim, Germany-said it plans to begin hiring managers, business associates and production staff later this month.
The Indiana Economic Development Corp. is providing Schwarz up to $1.25 million in performance-based tax credits and up to $310,000 in training grants. The city of Seymour will provide property tax abatement.
Schwarz' Seymour facility spans 280,000 square feet. It handles manufacturing for all the company's products sold in the United States, including Univasc, a blood pressure medication.
The drug maker-a unit of Schwarz Pharma AG of Monheim, Germany-said it plans to begin hiring managers, business associates and production staff later this month.
The Indiana Economic Development Corp. is providing Schwarz up to $1.25 million in performance-based tax credits and up to $310,000 in training grants. The city of Seymour will provide property tax abatement.
Schwarz' Seymour facility spans 280,000 square feet. It handles manufacturing for all the company's products sold in the United States, including Univasc, a blood pressure medication.
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