Element Designs’ new 112,840-square-foot facility will serve as the company’s joint headquarters and manufacturing operations, allowing the company to efficiently serve its international customers, including many well-known manufacturers in the kitchen, bath and office furniture industries.
The SC Coordinating Council for Economic Development has approved job development credits related to this project.
The Ritedose Corporation To Expand In Richland County
The Ritedose Corporation will invest $81 million to expand its operations in Richland County. The locally owned and operated pharmaceutical manufacturer will create 94 new jobs with this project. Phase one of the expansion and the addition of approximately 50 of the 94 total jobs will be completed in early 2024.
“This initial phase of the expansion project will allow The Ritedose Corporation to continue to deliver over 1 billion doses of respiratory maintenance drugs to the U.S. population, while providing the runway for multiple drugs in various stages of development to be commercialized in the coming years,” said The Ritedose Corporation President and Chief Executive Officer Jody Chastain.
The Ritedose Corporation operates a state-of-the-art “blow-fill-seal” (BFS) facility, where liquid-pharmaceuticals are formulated, filled and packaged for distribution. For over 25 years, The Ritedose Corporation has been an industry leader in the aseptic production of sterile, single-dose medication, serving the contract development manufacturing, generics and 503B outsourcing markets. The company’s customers range from small startups and retail pharmacies to large pharmaceutical companies, wholesalers and hospital systems.
Located at Carolina Research Park in Columbia, The Ritedose Corporation’s first phase of expansion includes adding square footage to its existing facility. The expansion will also involve internal renovations to the existing structures of the facility. When complete, the expansion will allow the company to manufacture an additional 400 million doses of pharmaceuticals.
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“Today, South Carolina celebrates The Ritedose Corporation, a homegrown pharmaceutical leader whose expansion signals the strength of our state’s growing life sciences industry. This investment also expands STEM career pathways for all South Carolinians, nurturing the highly skilled workforce within our state,” said South Carolina Department of Commerce Secretary Harry M. Lightsey III. “We’re proud of the continued success of yet another South Carolina-based company.”
The Coordinating Council for Economic Development approved job development credits related to this project. The council also awarded a $500,000 Set-Aside grant to Richland County to assist with the costs of building improvements.
