S. Yaphank generic drugmaker to expand
Web linksLI economic indicators
A generic drugs manufacturer plans to quadruple the size of its factory in South Yaphank and add 400 jobs over five years, officials said Friday.
The $50-million expansion of Amneal Pharmaceuticals Llc. is one of 13 projects identified last year as "transformative" to Long Island's economy and awarded sizable aid from New York State. Another is a scallop reseeding program on the North Fork aimed at reviving a traditional industry.
Adams lauded Amneal's decision to enlarge its operation at 50 Horseblock Rd. About 250 people work in the building, which by December 2013 will grow from 121,000 square feet to 443,000. A separate 42,000-square-foot structure is also planned.
"This creates manufacturing capacity for made-in-the-USA, FDA-approved generic products to be sold in overseas markets in Brazil, Central and South America, the Middle East, China and Asia," Adams said, noting the attractiveness of U.S. medicines because of regulations ensuring quality and safety.
Expansion of the South Yaphank factory is being aided by $3 million from the state, energy discounts from the Long Island Power Authority and tax breaks from the Brookhaven Town Industrial Development Agency.
The Long Island Regional Economic Development Council, appointed by Cuomo, recommended the scallop and Amneal projects for state support.
"Ensuring one of the area's traditional industries not only survives but flourishes once again" was a council objective, said co-vice chairman Kevin Law, referring to the scallops initiative.