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Roche plans $300M expansion, 100 new jobs

J.K. Wall
June 20, 2012
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Roche Diagnostics Corp. plans to spend $300 million on an expansion of its Indianapolis headquarters, creating 100 jobs by 2017, the company said Wednesday.

The city of Indianapolis has offered Roche a $24 million tax abatement, over 10 years, to help offset the cost of a new commercial education center and to do major refurbishments of buildings on its existing campus, as well as to install new equipment in its manufacturing plant, which makes chemical strips for Roche's blood glucose monitors for diabetics.

Construction of the education center, where about 1,500 customers from across the nation will be trained annually, is set to begin this fall.

The overall investment will total $300 million over 10 years. Roche promised to add the jobs to accomodate growth in its strip manufacturing plant as well as in its overall operations.

Roche currently employs nearly 3,000 workers at its Indianapolis campus, which is the headquarters for its North American operations. The campus manages the sales and marketing of Roche's laboratory analyzers sold to hospitals and academic medical research institutes, as well as fluid analyzers used in physician offices and by patients in their own homes.

The Indianapolis campus is also home to human resources, finance and some IT services for all its North American sites, which include outposts in New Jersey, California and Canada.

"For U.S. diagnostics and diabetes care, Indianapolis is our home. So we’re going to stay here," said Tom Adkins, site manager for Roche Diagnostics' Indianapolis campus, in an interview. Back in late 2008, Roche leaders at the company's global headquarters in Basel, Switzerland, had considered moving the company's headquarters to one of its other campuses near the U.S. coasts.

Roche Diagnostics' North American sales in 2011 totaled 2.4 billion Swiss francs, or about $2.7 billion, which was an increase of 4 percent over 2010, excluding the impact of fluctuating currency exchange rates.

The North American division accounts for one quarter of Roche's global diagnostic sales, which last year totaled 9.7 billion Swiss francs, or about $10.8 billion. Global growth in 2011 for Roche Diagnostics' dales was 6 percent, excluding any impact from exchange rates.

"This is really to help us continue that growth and sustain that growth.," Adkins said of the expansion.

The Indiana Economic Development Corp. offered Roche up to $2 million in performance-based tax credits and up to $300,000 in training grants based on the company's job-creation plans.

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  • "Best Place to Work"
    I work for Roche and I have to say, it truly is the best place to work. I'm very happy to hear the news!
  • Here you go
    http://www.ibj.com/roche-s-downsizing-to-claim-about-80-local-it-workers/PARAMS/article/33544
  • Trolling for wiltered daisies
    I gotta say that INDY wiltered daisies opinion is just the sort of tripe passed for insightful comments these days. Yes, it has a substantial employee base, THATS BEING MOVED OVERSEAS. What you're also missing is that Adkins said the new developments will result in a "net growth", meaning that there could be more layoffs between now and 2017. Why exactly should I be celebrating? Roche has demonstrated that they're trimming the fat when it comes to operations and efficiency. HP said the same thing when they laid off 2% of their workers in 2009, sold the manufacturing and distribution business to FoxConn, and then moved their Enterprise operations to Mexico in 2010; all of which cost Hooiser jobs.
  • Sources?
    "yet they still have full intentions of cutting jobs here and sending them off to other states and countries" Chris, what is your source to support this obsurd comment?
    • Be respectful
      Why does liking a job make you "LAZY"? The real point is, they made a lot of big statements regarding upgrades to buildings and how "Roche is here to stay" in Indiana, yet they still have full intentions of cutting jobs here and sending them off to other states and countries.
      • INDY SOUR GRAPES DAISY
        The last CEO at Roche wanted to eliminate the Indy campus all together. Celebrate the fact that Roche is a Fortune 500 company with a substantial employee base with jobs that pay "above market"...Maybe you can get a job there IndyLAZY.
        • 100 jobs for 250 layoffs!
          Yes they are adding 100 jobs by 2017. What they didn't say was they are laying off 250+ people in their IT department this year and sending their jobs to Sweden and Madrid Spain. So Mr. Daniels did they tell you that before you came to their press conference!

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