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.