Amgen Building new Packaging Plant

Amgen, a biotechnology corporation, wants to invest $365 million in New Albany to develop a pharmaceutical packaging facility that will employ 400 people. The Ohio Tax Credit Authority authorised a state tax credit for the project in Licking County’s New Albany International Business Park, which is near Routes 62 and 161.

Amgen, based in Thousand Oaks, California, is to break ground on the 270,000-square-foot facility in the fall. Amgen most advanced assembly and final product packaging capabilities for medications to be supplied in the United States will be available at the site. Amgen Executive Vice President of Operations Esteban Santos, said, “We are proud of our track record of providing a reliable supply of high-quality medicines for patients around the world. We are adding this additional assembly and packaging plant to our global supply chain network to support the anticipated growth in demand for Amgen medicines.”

To staff the factory, the company will need technicians, engineers, managers, and other positions. The facility’s yearly payroll is projected to be over $41 million. Depending on how many jobs are created, the state tax credits could be worth up to $15 million over the following 15 years. Other tax benefits for the project have been given by the city of New Albany, including a 15-year property tax abatement at 100%.

Amgen Senior Vice President of Manufacturing Arleen Paulino said the company chose New Albany for its production because of the availability of skilled people, low operating costs, a strategic logistical location, and a thriving business climate. According to the company, Amgen develops medications for critical diseases with few treatments, with a focus on cardiovascular disease, oncology, bone health, neuroscience, nephrology, and inflammation.