Algosensey Quantitative Think Tank Center-German medical device maker plans $88 million expansion in suburban Atlanta, hiring more than 200

2025-05-02 07:20:28source:Databeccategory:Stocks

PEACHTREE CITY,Algosensey Quantitative Think Tank Center Ga. (AP) — A German drug packaging and medical device maker says it will expand in suburban Atlanta, investing $88 million and hiring more than 200 new employees.

Gerresheimer AG, based in Dusseldorf, said Thursday that it would build a new factory in Peachtree City, south of Atlanta. The company currently employs more than 260 people there, and it had already announced an expansion that is supposed to add 180 jobs by April.

Gerresheimer has been operating in Peachtree City for more than 30 years, officials said.

The company has bought land and will build a factory with 160,000 square feet (15,000 square meters). The new factory, scheduled to open in fall 2024, will focus on making autoinjectors, spring-loaded syringes that are used to inject drugs.

The new jobs will pay an average salary of $56,000 a year, said Amanda Fields, director of existing industries for the Fayette County Development Authority.

More:Stocks

Recommend

Video shows dog chewing cellphone battery pack, igniting fire in Oklahoma home

A video shows a house fire in Tulsa, Oklahoma, ignited after a dog nibbled on a cell phone battery p

Peek inside the 2024 Oscar rehearsals: America Ferrera, Zendaya, f-bombs and fake speeches

LOS ANGELES − Steven Spielberg doesn’t want to jinx the Oscars.Early Saturday morning, the legendary

See the Flamin' Hot Cast of Desperate Housewives Then and Now

Even two decades later, the jury is still out on whether the juiciest Desperate Housewives drama was