LANSING, Michigan— Pharmaceutical giant Pfizer Inc. will invest $750 million in its southwest Michigan facility to increase capacity for manufacturing sterile injectable medications, creating 300 new jobs, the company announced Monday.
A Pfizer executive announced the investment Monday morning at a news conference with Gov. Gretchen Whitmer and other state officials.
The $750 million in new investment from Pfizer is on top of the $465 million the company started investing last December when it broke ground on expanded facilities in Portage, said David Breen, vice president and site leader for Pfizer's Portage manufacturing facility near Kalamazoo.