An Italian producer of syringes, vials and glass containers for the pharmaceutical industry will build a new manufacturing facility in Fishers, creating 230 jobs by the end of 2025.
Stevanato Group announced Wednesday that it plans to spend $145 million to build and equip a 370,000-square-foot facility in a life sciences park being developed in Fishers.
Construction is expected to begin later this year and finish in 2023. The facility will offer jobs in production, engineering, maintenance and corporate support.
Founded in 1949, Stevanato Group provides containment, delivery and diagnostic solutions for the pharmaceutical, biotechnology and life sciences industries. Headquartered in Piombino Dese, Italy, the company has 4,300 employees around the globe.
The Indiana Economic Development Corp. offered Stevanato up to $2.9 million in tax credits and $500,000 in training grants if the company meets its job-creation goals for the Fishers facility.
Fishers will consider up to $1.2 million in additional incentives, according to a press release.