For many, the end of the year is a time to enjoy family, some time off and relax around the holidays. For many in the real estate or development world, it is also a time to close that deal to lock in any tax benefits for the year. A flurry of development projects at the end of the year might mean some attorneys were able to iron out all the paperwork.
This week, Germany-based Gerresheimer, a pharmaceutical manufacturer, announced a major expansion at its facilities in Peachtree City. The expansion investment totals some $88 million, with 200 new jobs following behind.
“This project is a prime example of the exciting growth of the life sciences industry in our state, with companies like Gerresheimer bringing career opportunities to all four corners of Georgia” said Governor Brian Kemp. “Employers from across the globe can find a skilled workforce here that we are continuously investing in through innovative programs like the GEORGIA MATCH Direct College Admissions Initiative. We’re excited to see how this expansion will further benefit the community and surrounding region.”
The company makes containment solutions, drug delivery systems and medical devices and already has an expansion in the works, with expected completion in April of next year. That will bring the total jobs for the company in Peachtree City to approximately 440, meaning 640 solid income jobs when both expansions are completed. Many of these and other positions are currently open, with hiring available for entry level to highly skilled engineers and managers.
“We appreciate the continuous support of the State of Georgia for our expansion in the U.S.,” said Dietmar Siemssen, CEO of Gerresheimer AG. “The U.S. market is an important growth driver for us, and the expansion of our operations in Peachtree City will be key for growing our medical device business in the U.S. We are glad that we have found such favorable conditions and a highly motivated and skilled staff here.”
The new facility will be located in the Southpark International Industrial Park, convenient to both I-75 and I-85 and Hartsfield-Jackson International Airport. It will make medical devices, mostly to administer injectable drugs.
“We are dedicated to fostering strong partnerships and economic growth in Peachtree City, evidenced by our support of Gerresheimer’s plans to expand their facility here,” said Peachtree City Mayor Kim Learnard. “Gerresheimer’s commitment to innovation in the pharmaceutical packaging industry aligns perfectly with our vision for a prosperous and vibrant city. We are excited about the additional employment opportunities and the positive impact this expansion will have on our community.”
Georgia has seen a 20 percent increase in life sciences employment since 2015, with more than 78,000 jobs statewide and more than 4,000 organizations in the industry in Georgia. Medical instruments are a significant export for Georgia’s economy, totaling more than $1 billion.
