EIB to fund new vaccine production plant

Published: 14-Mar-2005

The European Investment Bank (EIB) is planning to lend around Euro 40m to Germany's Impfstoffwerk Dessau-Tornau to help it build a new research and development building and a new production facility for virus vaccines.


The European Investment Bank (EIB) is planning to lend around Euro 40m to Germany's Impfstoffwerk Dessau-Tornau to help it build a new research and development building and a new production facility for virus vaccines.

The loan would also part-fund the reconstruction of a filling unit, the expansion of existing cooling, storage and vaccine production facilities plus investments in equipment.

The overall cost of these projects is estimated at €100m and will create 197 jobs in the company's eastern German region of Saxony-Anhalt, while safeguarding others at Impfstoffwerk, a medicine manufacturer specialising in immunobiologicals.

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