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The New Factory in Minas Gerais Will Be an Enterprise of Cristália, a Pharmaceutical, Farmochemical, and Biotechnology Laboratory
Cristália, a 100% Brazilian capital pharmaceutical, farmochemical, and biotechnology laboratory, has just announced the acquisition of another industrial plant to expand its medication production capacity. The business group purchased the property where the Santanense textile factory operated, in Montes Claros, Minas Gerais. The investment forecast for the site is approximately R$ 300 million and around 700 new jobs may be created. Check it out: Heineken Brewery Will Start Construction of the New Factory in the State of Minas Gerais
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The New Enterprise of Cristália in Minas Gerais
The acquired property has about 30 thousand square meters of built area on a lot measuring 156 thousand square meters and will undergo modifications to meet pharmaceutical industry standards. Both the renovation and the acquisition of equipment take time, with expectations for the factory to begin operating in 2023.
This investment adds to another R$ 100 million being invested by the company in Pouso Alegre, in Southern Minas, in a factory for injectable medicines (ampoules and vials) that is already in operation.
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Job Generation at the New Factory
The city of Montes Claros was chosen to host the factory because it offers tax incentives for industry establishment and due to the fact that the property already has good infrastructure, speeding up the necessary construction and adaptations for the start of production. The region also has qualified labor, and approximately 700 direct jobs will be generated over the next five years.
The President of the Board of Directors and General Director of Laboratory Cristália, Ricardo Pacheco, says that this acquisition is part of Cristália’s expansion plan, which works daily to meet the growing market demand in Brazil in the coming years.
Check out this news: Minas Gerais Receives R$ 400 Million Investment from Multinational Aryzta for Construction of a New Factory That Promises to Generate 1,300 New Job Vacancies
This year, Minas Gerais will receive Aryzta’s largest factory in the country, a Swiss multinational that produces bread for retail and food service and promises to generate thousands of job vacancies in the region. An investment of approximately R$ 400 million will be made in the production line that will be inaugurated in Pouso Alegre, in Southern Minas Gerais, and it will be the fifth largest factory of the multinational in the 19 countries where it operates.
According to Fernando Passalio, Secretary of State for Economic Development, another major investment for the state is being announced. The excellent business environment in Minas Gerais strengthens job and income generation. He asserts that Minas Gerais is the best place for investments and that the state is amassing huge numbers. Since 2019, R$ 122 billion in new businesses or expansions have been added to the state.
The company anticipates that approximately 300 direct jobs and over a thousand indirect jobs will be created at the factory. The investment will have the capacity to produce up to 75 thousand loaves of bread per hour, with expectations for the factory operations to start by November this year.
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