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Germany's Merck Invests In French Facility For Single Use Products

Germany’s Merck KGaA (OTCMKT: MKGAF) will invest €25 million in its Molsheim, France facility to make disposable materials for bioreactors, an ess

· 03/17/2021 14:24

Germany’s Merck KGaA (OTCMKT: MKGAF) will invest €25 million in its Molsheim, France facility to make disposable materials for bioreactors, an essential material required for COVID-19 vaccine manufacturing.

  • The new site will see the creation of 350 jobs, along with 1,700 square meters of cleanrooms. 
  • The new unit will produce Mobius single-use assemblies. It is planned to be operational by the end of this year.
  • Molsheim will be the first site in Europe where the Life Science business sector manufactures the product. Further production sites are located in Danvers, Massachusetts, and Wuxi, China.
  • Price Action: MKAGF shares are trading 1% lower at $162.32 in market trading hours on the last check Wednesday.