Fareva opened on December 7th a $40 million expansion at its Richmond, VA plant. It has a capacity to manufacture about 100 million aerosol cans annually for drug, OTC and beauty products.
Located in a former distribution building adjacent to the main production plant, the expansion of the aerosol plant is adding 80 to 100 jobs to the 745,000-square-foot manufacturing plant and office facility in Richmond. The acquisition of the facility in 2011 from Pfizer saved about 500 jobs.
Now Fareva has 35 production sites worldwide, more than $1.5 billion in revenue, and a workforce of nearly 10,000 people; 600 in Henrico County.
The new facility has a flame-proof bulk manufacturing workshop, an R&D laboratory for the product development and three aerosol packaging lines, including one with “bag on valve” capability.
Fareva is already considering a second upgrade expansion at the plant, which would require as much as a $15 to $20 million investment to take the aerosol plant’s capacity to 250 million aerosol cans and add 150 more jobs.
Fareva also has plans to add a 5,000-square-foot research lab at the plant that would employ about 20 scientists, technicians and engineers.
Want to learn more? Don’t hesitate to contact us on our booth.