AmbioPharm Invests in $18M Expansion
- Jul 21, 2017
AmbioPharm Inc., a peptide and biopharmaceutical manufacturing company in North Augusta, S.C., plans to expand its existing Aiken County operations. The extension is projected to bring $18 million of new capital investment and lead to the creation of 100 jobs over the next five years.
Located at 1024 Dittman Court, AmbioPharm is near Interstate 520. The company will start constructing two additional freestanding buildings, totaling 50,000 square feet, and purchasing additional equipment. The Coordinating Council for Economic Development approved job development credits related to this project.
Third SC expansion
AmbioPharm started its business in South Carolina 10 years ago by establishing its company headquarters and manufacturing operations in a 10,000-square-foot facility in the North Augusta Industrial Park. In 2007, the firm also opened its Shanghai operations, which focuses on the synthesis as well as the research and development of pharmaceutical products. In 2014 and 2015, the company made major facility expansions to its Aiken County operations.
Hiring for the new positions is projected to begin in the second quarter of 2018.
Image courtesy of AmbioPharm website