Madison Region Economic Partnership

 
Oct 10, 2011

Anteco Pharma to expand Lodi plant, add jobs


Excerpted from Milwaukee Journal Sentinel
by Kathleen Gallagher

A Lodi contract manufacturer for the pharmaceutical industry said Monday it is breaking ground on a $3.5 million addition that is the first phase of a plan to increase revenue and add jobs.

Anteco Pharma is building the 25,000-square-foot addition to bolster its pharmaceutical and medical device manufacturing capacity, the company said. It expects to be operating by June.

The addition is the first phase of a five-year plan to increase Anteco Pharma's revenue tenfold and raise its total number of jobs to 80 from 20 by 2016.

The expansion is being driven by a "significant increase" in outsourced manufacturing by the pharmaceutical and medical device industries, and by growing demand for clinical manufacturing support from start-up companies in Madison and other areas, said Howard Teeter, the company's president.

Anteco Pharma also provides services to the biotech and nutritional ingredient industries.

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