MeadWestvaco Corporation (NYSE: MWV), a global leader in packaging and packaging solutions , announced today the expansion of its pharmaceutical manufacturing Centre of Excellence, based in Hemer, Germany.
MWV's pharmaceutical manufacturing Centre of Excellence. (Photo: MeadWestvaco Corporation)
The Centre is the core for MWV’s global pharmaceutical dispensing systems manufacturing network. The $7.5 million project includes expanding clean room molding and assembly capacity and the introduction of a state of the art logistics system to control the flow of finished goods and components. MWV is making this investment in its Healthcare business based upon the business’s rapid growth, especially in the Preservative-Free packaging market.
"This investment underlines MWV’s position as an innovation leader in healthcare dispensing systems and our commitment to manufacturing high quality products in the appropriate regulatory environment,” said Sven-Uwe Höhm, vice president & general manager, Medical Plastics Division.
The current Centre of Excellence consists of clean rooms for precision injection-molding and high-speed component assembly, R&D Facilities with fluid dispensing, fluid atomization, design optimization and broad material knowledge, and Project management support. The Centre includes further Customer Service, Technical Laboratory and Regulatory teams. MWV’s healthcare products are manufactured according to ISO 9001, Quality management System for Medical Devices ISO13485, GMP ISO15378 and 93/42/EEC Annex 5 Medical Device Directive standards.The facility expansion will commence in early 2013 and is expected to finish by the end of the year. About MWV MeadWestvaco Corporation (NYSE: MWV) is a global packaging company providing innovative solutions to the world’s most admired brands in the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries. The company also produces specialty chemicals for the automotive, energy, and infrastructure industries and maximizes the value of its land holdings through forestry operations, property development and land sales. MWV’s network of 125 facilities and 16,000 employees spans North America, South America, Europe and Asia. The company has been recognized for financial performance and environmental stewardship with a place on the Dow Jones Sustainability World Index every year since 2005. Learn more at www.mwv.com.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts