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News & Press: VABIO News

UniTao Pharmaceuticals Purchases Boehringer Ingelheim Plant

Wednesday, November 05, 2014  
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Governor Terry McAuliffe announced that UniTao Pharmaceuticals LLC has purchased the Boehringer Ingelheim plant in the City of Petersburg, and will invest $22.5 million to establish operations. UniTao is a subsidiary of Shanghai-based Tenry Pharmaceutical Co., Ltd., and the company manufactures active pharmaceutical ingredients. The project is a result of the Governor’s meeting with company officials in Shanghai, China during his Asia Marketing Mission. Virginia successfully competed against California and China for the project, which will create 376 new jobs.

Speaking about the announcement, Governor McAuliffe said, “This project will have a tremendous impact in the City of Petersburg and the surrounding region. I had the great privilege of meeting with company officials during my Asia marketing mission last week in Shanghai, China to officially close this significant win. UniTao’s new manufacturing operation in the Commonwealth is another milestone in building a new Virginia economy and builds on Virginia’s longstanding and growing relationship with China.”

“Our expansion to Virginia underscores our commitment to meeting the demands of our global customers as efficiently as possible,” said Tao Ye, chief executive officer for UniTao Pharmaceuticals. “The former Boehringer Ingelheim facility, the region’s accessibility and its skilled workforce will enable us to start operations quickly and better meet marketplace demands in the U.S. and elsewhere. We are grateful for the support of the Commonwealth of Virginia, the City of Petersburg and also the hard work of both the Boehringer Ingelheim and UniTao teams that have gotten us to this point. We also are very pleased to be a catalyst for continued, advanced pharmaceutical manufacturing and R&D in the region.”

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