Bay­er flush­es mon­ey in­to the Nordics with $303M down pay­ment on new Finnish plant, ex­pan­sion

At the start of the year, drug gi­ant Bay­er telegraphed its in­tent to ramp up pro­duc­tion of con­tra­cep­tives to help sup­port coun­tries in need. Now, the com­pa­ny is build­ing a new plant in Fin­land and mod­ern­iz­ing an ex­ist­ing plant to help reach that goal.

The project will cost $303 mil­lion and ex­pand the com­pa­ny’s foot­print in Turku, Fin­land’s old­est city. The plant is ex­pect­ed to go on­line by 2025.

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