Stevanato Group Expands with New Facility for Advanced Pre-Sterilized Syringe Production in Cisterna di Latina
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Stevanato Group S.p.A. (NYSE:STVN) has inaugurated a new facility in Cisterna di Latina for the production of advanced pre-sterilized syringes. The plant, which started commercial production in Q4 2023, aims to meet the growing demand in the European biopharmaceutical market. The company plans to expand production to include pre-sterilized cartridges by 2025-2026.
May 30, 2024 | 9:11 am
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Stevanato Group has inaugurated a new facility in Cisterna di Latina for advanced pre-sterilized syringe production, starting commercial production in Q4 2023. This expansion aims to meet the growing demand in the European biopharmaceutical market, with plans to include pre-sterilized cartridges by 2025-2026.
The new facility will likely boost Stevanato Group's production capacity and revenue potential, especially in the growing European biopharmaceutical market. The expansion into pre-sterilized cartridges by 2025-2026 further enhances future growth prospects.
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