At a meeting held on July 12 for interested residents and other stakeholders, officials of the City of Des Plaines and Vetter were given the opportunity to share initial plans for the proposed purchase and development by Vetter of a 18 acre site, located at the corner of Mount Prospect and Algonquin Road.
For this project, the company plans investments of approximately $320 million on construction and site improvements over more than 10 years. Once it has reached its final expansion stage, the 18-acre site would include 1,138,237 SF of facility space. If approved, the facility would be the second US manufacturing site of the company. The Des Plaines project would complement its existing US clinical development support service offering which consists of a small-scale manufacturing facility located in the nearby Village of Skokie. Des Plaines would be the recipient of several positive outcomes including the creation of approximately 400-500 new jobs by the final expansion stage. Many of these are expected to be hired locally.
“We believe that this project represents a win-win scenario for the residents of Des Plaines and Vetter alike,” said Vetter Managing Director Peter Soelkner. “For us, it would be the next step in our plan for continuous growth. Several of our customers have requested commercial manufacturing resources both in US and Europe for their multi-facetted market production needs. Being in a continuous dialogue with them, such a facility would enlarge Vetter’s geographical manufacturing opportunities, and thus, increase our customer’s flexibility. We are excited about the positive outcomes this project can bring to the city of Des Plaines, and becoming a good and trustworthy neighbor to its residents. Des Plaines is a great partner in the process, we would be happy to receive the projects approval,” said Soelkner.