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Jun 16, 2021

Stevanato Group Chooses Indiana for New US Facility

Stevanato Group, a global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries, announced intentions today to locate its new U.S. operations in Fishers. The company is expected to create more than 230 new jobs in Hamilton County by the end of 2025.

 



“Indiana continues to secure extraordinary growth in life sciences throughout the state, and we’re thrilled to add Stevanato Group to our list of innovative life sciences companies,” said Governor Eric J. Holcomb. “The life sciences industry contributes roughly $80 billion to the state’s economy, and we are committed to ensuring a thriving business climate that allows these firms to continue to grow and provide quality Hoosier careers.”

 



Stevanato Group, headquartered in Piombino Dese, Italy, expects to invest up to $145 million to build and equip a manufacturing facility of up to 370,000-square-foot to support the expansion and production of its EZ-Fill® solutions. The facility will house state-of-the-art production lines equipped with advanced process technologies to produce Stevanato Group’s EZ-Fill® syringes and vials, pre-sterilized glass containers for pharmaceutical companies. The plant will also house office space and an after-sales support center dedicated to serving U.S. engineering customers. Construction on the new plant is expected to begin later this year and be completed in 2023.

The Indiana Economic Development Corporation offered Stevanato Group S.p.A. up to $2.9 million in conditional tax credits and up to $500,000 in conditional training grants based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired and trained. The city of Fishers will consider additional incentives up to $1.2 million.




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