# Novartis invests €32M to expand Torre Annunziata pharmaceutical site

Novartis Italia approved a €32 million expansion plan for its production site in Torre Annunziata, Italy. The plan includes creating space for life science innovation and new technologies, aiming to increase annual production from over 100 million to nearly 150 million packs.

- Type: Expansion
- Announced: 2023-03-29
- Where: Torre Annunziata, Italy
- Value: $34.7M (32.0M EUR)
- Status: announced
- Capacity: nearly 150 million packs per year
- Products: pharmaceuticals, life-saving drugs
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Novartis Italia](https://endata.com/companies/69401.md)

## Sources

- [farmaciavirtuale.it](https://farmaciavirtuale.it/novartis-investimenti-da-32-milioni-di-euro-per-lampliamento-del-sito-di-torre-annunziata/), 2023-03-29: "Il piano prevede la creazione di uno spazio dedicato allo sviluppo, all’innovazione e alle nuove tecnologie nel campo delle Life Science, per un investimento complessivo di 32 milioni di euro"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.