Pharma firm Aesica creates £30m high-rate factory, 50 new jobs

£30m investment support Aesica’s strategy to triple sales in three years

Contract pharmaceutical manufacturer Aesica has delivered on expansion plans announced in 2012 with a new £30m high capacity factory in Kent
Contract pharmaceutical manufacturer Aesica has delivered on expansion plans announced in 2012 with a new £30m high capacity factory in Kent

Pharmaceutical manufacturer Aesica has opened a new high capacity manufacturing facility following a £30 million investment at its Queenborough, Kent site.

The 10,000 sq m expansion is purpose-built for the production of a solid dose medication used in treating Type 2 diabetes, one of the world’s most common lifestyle diseases. Commercial production at the facility will start in November.

Private equity investor Silverfleet Capital bought a stake in the pharma company in September 2011.

This development will approximately double the site’s solid dose manufacturing capacity and includes investment in a range of specialist equipment. The facility will have a dedicated workforce of 55 technicians with the building’s design allowing current capacity to be more than doubled in the future, which would require a further additional 50 staff to be recruited.

The expansion allows Aesica to claim a place as one of the top 10 CDMOs in the world.

The investment is a part of the company’s strategic plan to triple annual revenues to more than £500 million by the end of 2016 through both organic and acquisitive growth.

Dr Robert Hardy, CEO of Aesica Pharmaceuticals, said: “The expansion and opening of the High Capacity Manufacturing Facility marks another key milestone for our company and a further step towards achieving our vision to be the world’s number one supplier of APIs and formulated products to the pharmaceutical industry.

“In 2011 we acquired three manufacturing sites in Europe, effectively doubling the size of our workforce and capabilities and since then we have continued to expand our business development team globally.”

Adrian Yurkwich of Silverfleet Capital and a non-executive director of Aesica, added “This investment… demonstrates Aesica’s commitment to its key strategic partners and its intention to achieve significant growth internationally.

“The company is establishing its position itself as one of the top ten CDMOs in the world and this is testament to its excellent management team.”

Earlier this year Silverfleet Capital acquired A/S Cimbria, a leading Danish manufacturer of equipment and processing lines for handling and processing of seed and grain in a Eu137 million deal.

Leave a Reply

You must be logged in to post a comment.

Related Sector Article

Pharmaceutical giant GlaxoSmithKline will be part of an international consortium aiming to fast track trials of a vaccine to tackle the Ebola outbreak.

GSK consortium to fast track Ebola vaccine trials

Related Sector Article

Pharmaceutical company Novartis has agreed a deal with Google to develop its smart contact lens aimed at helping diabetics monitor their glucose levels.

Novartis wins Google diabetes smart lens licence

Related Topic Article

A Sheffield manufacturer of magnets has ploughed more than £250,000 of capital investment into the business after seeing record turnover in the first six months of 2014.

Sheffield magnet maker pulls in capital investment

Related Topic Article

Providers of manufacturing equipment and tools, A-Plant has invested £15m to develop its collection of powered and low level access machines.

Goulding bags on forklift

UPCOMING EVENTS

Reports

  • SmartestEnergy Entrepreneurs Report

    The latest Energy Entrepreneurs Report compiled by SmartestEnergy shows a 36% jump in the number of commercial scale projects in operation across the manufacturing sector in Great Britain since last year’s report. In total, an

  • University Collaboration 2014

    The amount of money available for R&D in the UK is quite staggering: over £26bn, from public and private sources. The organisations involved from the public sector can begin to look like an alphabet soup, and just as confusing,

More reports

Advert

Manufacturing Jobs

View all jobs

Advertisements

Advertisement

Tracking