Banner Pharmacaps and Chase Pharmaceutical to build world's most modern production facility for softgels and Soflets(R) and establish corporate headquarters in North Carolina; Plans to close two production facilities in New Jersey.UNION, N.J.--(BUSINESS WIRE)--Jan. 26, 1995--Banner Pharmacaps Inc. and its sister company, Chase Pharmaceutical Co. today announced their plans to build the world's most modern and efficient manufacturing facility for softgels (soft gelatin gelatin or animal jelly, foodstuff obtained from connective tissue (found in hoofs, bones, tendons, ligaments, and cartilage) of vertebrate animals by the action of boiling water or dilute acid. capsules) and Soflets(R) (gelatin coated tablets) in High Point, North Carolina
High Point is a city located in the Piedmont Triad region of North Carolina -- the 36th largest metro area in the United States with a population of 1.5 million. , and establish a new worldwide corporate headquarters at a site adjacent to the new production complex. Banner Pharmacaps and Chase Pharmaceutical said the new $35 million state-of-the-art facility is scheduled to be fully operational in 1996. The new plant and world headquarters will be located in the Piedmont Piedmont, region, Italy Piedmont (pēd`mŏnt), Ital. Piemonte, region (1991 pop. 4,302,565), 9,807 sq mi (25,400 sq km), NW Italy, bordering on France in the west and on Switzerland in the north. Centre Industrial Park, just miles from the Greensboro-High Point Airport. The company said, "The new facility will significantly enhance our ability to meet growing demand as leaders in the production of softgels and Soflets by our pharmaceutical, nutritional and cosmetic product customers, and to continue our long-term program of meeting increasing standards of Good Manufacturing Practices Good Manufacturing Practice or GMP (also referred to as 'cGMP' or 'current Good Manufacturing Practice') is a term that is recognized worldwide for the control and management of manufacturing and quality control testing of foods and pharmaceutical products. ." Chase and Banner Pharmacaps are units of Sobel U.S.A. Inc., based in Union, N.J., a company Sobel N.V., based in Son, The Netherlands. Within one year of the new plant's start-up and dependent upon market conditions and regulatory approvals, the company said it expects to close the 40-year-old Banner Pharmacaps plant in Elizabeth, N.J., and the 60-year-old Chase Pharmaceutical facility in Newark. The two facilities in New Jersey have a total of approximately 500 employees. In a statement, the companies said, "We will work diligently dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d to help our employees and their families to relocate or begin new careers. We will assist them with the same dignity and respect they have provided to the company through their valued service." The companies added, "We view our employees as the most important element of our success. They are key stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. in the company and we greatly appreciate their continuing loyalty and commitment. We will offer our New Jersey-based employees the opportunity to apply for positions at the new facility, and do all within reason to assist those who can transfer to North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. . For those employees who do not transfer, we will furnish professional re-employment assistance and provide other benefits." In appreciation for neighborhood support through the years See also Through The Years (Gary Glitter song) or Through The Years (Tim Finn song). For the Jethro Tull album, see Through the Years (Jethro Tull). For the Artillery box set, see Through the Years (Artillery album). , they said, "We also thank the people of the communities of Elizabeth and Newark for their valued support. Our decision to relocate our production was a difficult one, but necessary for the continuing competitive viability of the company." Banner Pharmacaps and Chase Pharmaceutical said they took their action in order to remain successfully competitive in the marketplace, only after thorough analysis of existing production facilities. They said, "Physical constraints in the New Jersey-based facilities make it difficult, if not impossible, to match the efficiencies currently being realized by our principal competitors. The new facility will enable the company to expand to meet growing demand and to maintain and further enhance our valued reputation for offering customers the finest in quality of product and quality of service. The decision to build a new production complex in North Carolina was made after analysis of alternate sites." The company added that during the transition certain production currently conducted at the New Jersey plants will be moved to Banner Pharmacaps' California-based facility. Banner Pharmacaps, and its sister company, Chase Pharmaceutical, are leaders in the production of softgels and Soflets, as well as in the production of prescription and over-the-counter pharmaceutical products and nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. . The companies produce a variety of products for national and international pharmaceutical and nutritional supplement companies. CONTACT: Dobson dob·son n. See hellgrammite. [Probably from the name Dobson.] Noun 1. dobson - large brown aquatic larva of the dobsonfly; used as fishing bait hellgrammiate Communications Brian Dobson For the Irish newsreader, see . Brian Dobson is the third of three brothers, the others being Paul and Michael, who are well-known for their talent as voice actors. , 203/321-1260 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion