With investments of R$ 300 million and 700 new jobs, a new factory will be opened in Minas Gerais

The new factory in Minas Gerais will be an undertaking by Cristália, a pharmaceutical, pharmochemical and biotechnology laboratory

Cristália, a pharmaceutical, pharmochemical and biotechnology laboratory with 100% national capital, has just announced the acquisition of yet another industrial plant to expand its drug production capacity. The business group bought property where the Santanense fabric factory operated, in Montes Claros, Minas Gerais. The forecast for investments in the place is approximately R$ 300 million and around 700 new jobs could open. Check it out: Heineken Brewery will begin construction work on the new factory in the state of Minas Gerais

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Cristália's new development in Minas Gerais

The acquired property has around 30 thousand square meters of built area, in a land with 156 thousand square meters, and will undergo adaptations to meet the standards of the pharmaceutical industry. Both the renovation and the acquisition of equipment take time, and the forecast is that the factory will start operating in 2023.

The contribution is added to another R$ 100 million that are being invested by the company in Pouso Alegre, in the south of Minas, in an injectable medicine factory (ampoules and vial), already in operation.

Job creation at the new factory

The city of Montes Claros was chosen as the location for the factory because it provides tax incentives for setting up industries and because the property already has good infrastructure, speeding up the work and adaptations needed to start production. The region also has qualified labor, as around 700 direct jobs will be generated over the next five years.

The chairman of the Board of Directors and CEO of Cristália Laboratory, Ricardo Pacheco says that this acquisition is part of Cristália's expansion plan, which works daily to meet the demand of the Brazilian market in the coming years, which has gradually grown.

Also see this news: Minas Gerais receives investment of R$ 400 million from the multinational Aryzta for the construction of a new factory that promises to generate 1.300 new jobs

Later this year, Minas Gerais will receive the largest Aryzta factory in the country, a Swiss multinational that produces bread for retail and food service and promises to generate thousands of jobs in the region. An investment of approximately R$ 400 million will be applied in the production line that will be inaugurated in Pouso Alegre, in the south of Minas Gerais, and will be the fifth largest factory of the multinational in the 19 countries where it operates.

According to Fernando Passalio, secretary of State of Economic Development, another major investment for the state is being announced. The excellent business environment in Minas Gerais strengthens the generation of jobs and income. He claims that Minas Gerais is the best place to make investments and that the state is accumulating huge numbers. Since 2019, R$122 billion in new businesses or expansions have already been added in the state.

The company foresees that around 300 direct jobs and more than a thousand indirect jobs will be generated at the factory. The investment will have a capacity to produce up to 75 loaves of bread per hour and the factory is expected to start operations by November of this year.