Tuesday, September 27, 2011

Teva Groundbreaking in Philadelphia

modified press release:

Today Teva Pharmaceuticals broke ground on a new distribution center in Northeast Philadelphia. Currently, Teva Pharmaceuticals has a facility on 1090 Horsham Road in Montgomery County. Last year, Teva officials announced they would be opening a new facility on Red Lion Road in Philadelphia. Both facilities will remain open and both are located in Congresswoman Allyson Schwartz’s congressional district.

Schwartz worked extensively with city and state officials and Teva representatives to ensure that this global pharmaceutical company could expand and continue to thrive in her district. This new project will bring an additional 200 jobs to Philadelphia and retain over 200 existing positions. In addition, the new facility will generate more than 600 construction jobs.

The new state-of-the-art building is planned to be operational in the second half of 2013 and will consist of three adjoining buildings, measuring 1.1 million square feet. This project will be the largest brownfield redevelopment and stormwater management project in the history of the City of Philadelphia.

Teva Pharmaceutical Industries Ltd. is a global pharmaceutical company, based in Israel, which specializes in the development, production and marketing of generic and proprietary branded pharmaceuticals, as well as active pharmaceutical ingredients. Teva is among the top 11 pharmaceutical companies and among the largest generic pharmaceutical companies in the world.

In addition to Rep. Schwartz, Mayor Michael Nutter, Teva CEO Bill Marth, State Senator Mike Stack, State Rep. Brenden Boyle, and City Councilman Brian O’Neill were scheduled to be at the groundbreaking.

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