Sanofi to infuse Euro 400 million in new vaccine production site
Paris: Sanofi has recently announced a EURO 400 million investment over five years to create a unique vaccine production center in Singapore, pushing the boundaries of operations through cutting edge manufacturing and digital technologies.
In partnership with the Singapore Economic Development Board (EDB), the new site will mainly supply the Asian region and complement existing manufacturing capacities in Europe and North America.
The investment furthers Sanofi's commitment to driving the future of vaccines by expanding manufacturing capabilities to ensure quality and scale, while responding to the risk of future pandemics. The project is expected to create up to 200 local jobs and enhance Singapore's position as a regional innovation hub for the healthcare industry.
"As a major healthcare player, it's our responsibility to act and to meet the unprecedented growing demands for vaccines. By investing in a new production site in Singapore, Sanofi is aiming to strengthen production capacity to meet ever-growing global demands on vaccines, and answer more rapidly to future pandemics," said Thomas Triomphe, Executive Vice President and Global Head of Sanofi Pasteur. "We are very pleased by the strong collaboration with the Singapore Economic Development Board to achieve this exciting milestone."
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