Venezuelan Pharmaceutical Firm To Build $50M Facility

Aug 20, 2013 No Comments by

Venezuelan pharmaceutical company Unipharma announced plans to build a $50 million manufacturing facility in Tamarac.

Back in March, Broward County and Tamarac approved their shares of a $500,000 Qualified Target Industry (QTI) incentive package with the state to lure the company’s first facility in the United States. It would create 100 jobs with an average salary of $49,5000 per year.

Its new 135,000-square-foot facility would house the manufacturing of liquid nutraceuticals and pharmaceuticals with a “blow-fill-seal” technology designed to reduce accidental overdoses.

“We are happy to say that we have begun another chapter in our company’s history with our new manufacturing site in Broward County,” Unipharma CEO Reinaldo Santa Marta stated in a news release. “Our new facility will not only provide jobs for the local community, but it will support Florida’s growing Life Science industry as well.”

It will be located at 10200 N.W. 67th Street, which already has a 132,509 square foot industrial building, which was owned by Pancal Tamarac LLC, a subsidiary of Panattoni Development.

The property was purchased for $9.7 million in May by Tamarac 10200 LLC, which lists Santa Marta as its managing member.

The site is a block east of City Furniture’s headquarters.

The Greater Fort Lauderdale Alliance, the City of Tamarac, the Broward County Office of Economic Development and Florida Department of Economic Opportunity helped the company with the decision, as it also considered Atlanta and Madrid, Spain.

In a news release, the Alliance said that access to ports, a growing life science manufacturing sector and a talented workforce helped sway the company towards Broward.


Source:  SFBJ

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