IBJNews

Roche plans $300M expansion, 100 new jobs

J.K. Wall
June 20, 2012
Keywords
Back to TopCommentsE-mailPrintBookmark and Share

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.

ADVERTISEMENT

  • "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!

          Post a comment to this story

          COMMENTS POLICY
          We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
           
          You are legally responsible for what you post and your anonymity is not guaranteed.
           
          Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
           
          No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
           
          We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
           

          Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

          Sponsored by
          ADVERTISEMENT

          facebook - twitter on Facebook & Twitter

          Follow on TwitterFollow IBJ on Facebook:
          Follow on TwitterFollow IBJ's Tweets on these topics:
           
          Subscribe to IBJ
          1. Can your dog sign a marriage license or personally state that he wishes to join you in a legal union? If not then no, you cannot marry him. When you teach him to read, write, and speak a discernible language, then maybe you'll have a reasonable argument. Thanks for playing!

          2. Look no further than Mike Rowe, the former host of dirty jobs, who was also a classically trained singer.

          3. Current law states income taxes are paid to the county of residence not county of income source. The most likely scenario would be some alteration of the income tax distribution formula so money earned in Marion co. would go to Marion Co by residents of other counties would partially be distributed to Marion co. as opposed to now where the entirety is held by the resident's county.

          4. This is more same-old, same-old from a new generation of non-progressive 'progressives and fear mongers. One only needs to look at the economic havoc being experienced in California to understand the effect of drought on economies and people's lives. The same mindset in California turned a blind eye to the growth of population and water needs in California, defeating proposal after proposal to build reservoirs, improve water storage and delivery infrastructure...and the price now being paid for putting the demands of a raucous minority ahead of the needs of many. Some people never, never learn..

          5. I wonder if I can marry him too? Considering we are both males, wouldn't that be a same sex marriage as well? If they don't honor it, I'll scream discrimination just like all these people have....

          ADVERTISEMENT