Leading global biotherapeutics company CSL Limited (ASX:CSL), today officially opened a new AUD$230 million advanced manufacturing facility at its CSL Behring site in Broadmeadows with the assistance of Victorian Minister for Industry and Employment, Ben Carroll, MP.
The facility is an important addition to the Australian pharmaceutical manufacturing landscape, and is expected to produce therapies with an estimated annual market value of $850 million as well as generate up to 200 new jobs by 2026.
The development, which received significant support from the Victorian Government, will help meet growing global demand for Albumin – a protein derived from human plasma that is used in critical care to treat burns and shock.
The world-class plant will be constructed over two modules, with today’s opening marking the completion of module one. The module will expand albumin production on the site to 100 tonnes per annum. When it comes online, module two will add a further 100 tonnes in capacity.
When fully operational, the facility will export product to the US and Europe while also producing commercial product for the local Australian and Asia Pacific markets.
“CSL’s investment in Broadmeadows embeds the site into our global plasma manufacturing supply chain, which now supplies lifesaving therapies to patients in more than 60 countries,” said CSL’s Chief Executive Officer, Paul Perreault.
He also gratefully acknowledged the Victorian Government’s support. “State Government support for this project helped secure the facility for Broadmeadows and was contingent on our meeting agreed project milestones and employment outcomes.”
Minister Carroll said, “This project will bring new advanced manufacturing jobs to Broadmeadows and help sustain the 1000 highly skilled jobs already on this site."
"This facility is a great example of the sort of advanced manufacturing that can help drive economic growth in Victoria.”
The Hon. Philip Dalidakis, Minister for Trade & Investment, Innovation & the Digital Economy and Small Business, said, “This is yet another example of an innovative company investing in Victoria to support our economy and create jobs, and we look forward to continuing to work with CSL well into the future.”
The Broadmeadows site has played a key role in CSL’s expansion strategy with over $610 million invested into the site in the past five years. The site opened a Biotechnology Manufacturing Facility in May 2014, for the large-scale manufacture of novel recombinant therapies for international clinical trials, and in December 2015 opened the Turner Facility for the manufacture of a therapy to treat immune disorders.
The Broadmeadows site is home to Australia’s only plasma manufacturing facility and the only commercial scale facility of its type in the Southern Hemisphere.
CSL Behring is contracted by the Australian Government to supply a broad range of high quality plasma products for Australian patients and works closely with the National Blood Authority and Australian Red Cross Blood Service to support self-sufficiency in plasma products. CSL also provides a similar service to countries in the Asia Pacific region.
Media:
Christina Hickie
Mobile: +61 429 609 762
Christina.Hickie@csl.com.au