SOURCE: Industrial Info Resources

Industrial Info Resources

September 06, 2011 06:10 ET

Despite Weakened Economy, Life Science Sector to Open $1.8 Billion of North American Facilities in Fourth Quarter, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Sep 6, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Fearful of the current economic conditions, a majority of businesses are tightening their budgets until a more positive trend in the economy is realized. This climate usually dictates a conservative approach to facility construction and the opening of new sites, which also entail the additional expense of hiring new employees. However, the North American life science sector is stepping away from this mindset and moving forward by opening new laboratories, manufacturing sites and institutional facilities to expand and enhance their capabilities.

Shire plc's (NASDAQ:SHPGY) (Dublin, Ireland) biomanufacturing campus (Phase I) in Lexington, Massachusetts, is the most expensive of the projects slated to come online in the fourth quarter. The project has a TIV of $394 million.

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