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Vetter groundbreaking ceremony heralds the creation of a new 70 million euro production building

Vetter groundbreaking ceremony heralds the creation of a new 70 million euro production building

New construction represents an important component of a previously announced investment strategy

Ravensburg, Germany, March 22, 2016 – Vetter, a leading global contract development and manufacturing organization (CDMO) for the development, commercial manufacturing and final packaging of aseptically prefilled drug-delivery systems, today announced the construction of a new building at a ground breaking ceremony held at its Ravensburg Schuetzenstrasse site. Scheduled for completion in the first quarter of 2018, the building is planned to begin operations in early 2019. Expected to cost approximately 70 million euro ($79 million), it is part of the total investment strategy announced by the company in September 2015, and will constitute an important element in the overall Schuetzenstrasse facility rebuilding concept for modernization and expansion.