Medical technologies company Siemens Healthineers is investing $32 million to expand its footprint in Glasgow.
The company plans to add 29,000 square feet to its existing facility located at the Glasgow Business Community park off Route 896, according to a Monday press release from Siemens Healthineers and the Delaware Prosperity Partnership.
Siemens has over 65,000 employees globally and is best known for its medical imaging products, including MRI and X-ray machines. Siemens also manufactures diagnostic equipment and testing products, as well as IT software and hardware solutions to support its wide range of products.
The company has more than 1,300 full-time employees at its 135-acre campus, making it one of the largest private employers in Delaware.
The expansion will make way for additional manufacturing equipment, thereby reducing the need to outsource certain work to contractors.
The company said the expansion is necessary to grow its product lines and stay competitive in the medical technologies field. The capacity it’s adding will be to manufacture up to 20 new in vitro diagnostic assays as well as additional associated calibrator products. Siemens will add new production equipment, including large-scale specialties and formulation process equipment.
The expansion will allow the company to reduce some production outsourcing to contract manufacturers, retain well-paying jobs in Newark and further solidify its presence in Delaware.
Contributing to the company’s decision to expand its Delaware operations are two grants from the state’s Council on Development Finance.
The taxpayer-funded grants, which come from the Delaware Strategic Fund, include a retention grant of up to $1.3 million and a capital expenditure grant of up to $690,000.
“Delaware is a great place for innovative manufacturing companies like Siemens Healthineers to grow their operations,” said Gov. John Carney in the press release. “We are pleased Siemens Healthineers will be making a significant investment in our state to enhance and expand their manufacturing facility, which will keep good-paying jobs here in Delaware.”
The company is a member of the Delaware BioScience Association and partners with the University of Delaware for internships and provides scholarships to medical technology students.
Siemens Healthineers’ president of laboratory diagnostics Dr. Deepak Nath said by expanding its facility, the company will be better equipped to serve its customers and the patients they serve.
“We have proudly been part of this community for decades,” Nath said in the press release. “Investing in advanced medical technology here in Delaware allows us to produce products for export and better secure our supply chain for the future while creating or preserving high-wage jobs and benefitting the community.”
Charlie Megginson covers government and politics for Town Square LIVE News. Reach him at (302) 344-8293 or [email protected] Follow him on Twitter @cmegginson4.
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