FSI Acquired A Vial Filling Line For Injectable Drugs For $2.5M, To Take Possession In July, This Purchase Is The CapEx; Production Line Can Only Realistically Operate A Maximum Of 10 Hours A Day 250 Days A Year Using Two Shifts, Representing 22.5M Vials Per Year
Portfolio Pulse from Benzinga Newsdesk
FSI has acquired a vial filling line for injectable drugs for $2.5 million, with possession expected in July. The production line can operate a maximum of 10 hours a day for 250 days a year, producing 22.5 million vials annually.
June 05, 2024 | 3:04 pm
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FSI has acquired a vial filling line for injectable drugs for $2.5 million, with possession expected in July. This acquisition is a significant capital expenditure and will enable the production of 22.5 million vials annually.
The acquisition of the vial filling line represents a significant capital expenditure for FSI and will enhance its production capacity. This is likely to positively impact the company's stock price in the short term as it demonstrates growth and expansion in its production capabilities.
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