Stock Market News

Thermo Fisher Shares Rise 3.88% After Opening Manufacturing Site

2022.04.20 20:11

Thermo Fisher Shares Rise 3.88% After Opening Manufacturing Site

By Sam Boughedda

Investing.com — Thermo Fisher Scientific Inc (NYSE:TMOannounced the opening of its new single-use technology manufacturing site in Ogden, Utah on Wednesday. 

Following the news, its stock rose by 4.15%.

The supplier of scientific instrumentation said the new facility will create additional capacity, allowing them to produce “high-quality technology and materials” to develop new vaccines and breakthrough therapies. The company added that the $44 million facility helps increase the production of single-use bioprocess containers.

The investment is part of Thermo Fisher’s $650 million multi-year investment plan, announced last year to ensure improved production capacity.

The Ogden facility will be home to bioprocess container (BPC) systems production. 

“The Ogden facility further strengthens our global manufacturing network, which has been growing to meet increasing demand for single-use consumables and critical raw materials,” said Mitch Kennedy, president, single-use technologies at Thermo Fisher Scientific.

The new facility has hired more than 300 employees and may potentially employ up to 450 over across its warehouse.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 97,918.24 4.20%
ethereum
Ethereum (ETH) $ 3,486.05 2.58%
tether
Tether (USDT) $ 0.999188 0.10%
xrp
XRP (XRP) $ 2.29 2.45%
bnb
BNB (BNB) $ 703.56 1.86%
solana
Solana (SOL) $ 198.92 4.38%
dogecoin
Dogecoin (DOGE) $ 0.33246 3.82%
usd-coin
USDC (USDC) $ 0.999797 0.08%
staked-ether
Lido Staked Ether (STETH) $ 3,484.12 2.89%
cardano
Cardano (ADA) $ 0.921949 2.44%
tron
TRON (TRX) $ 0.257017 2.22%
avalanche-2
Avalanche (AVAX) $ 41.08 6.35%
chainlink
Chainlink (LINK) $ 24.83 3.81%
the-open-network
Toncoin (TON) $ 5.84 3.94%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,139.95 2.50%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 3.55%
sui
Sui (SUI) $ 4.58 1.55%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,578.14 4.14%
hedera-hashgraph
Hedera (HBAR) $ 0.310635 4.63%
stellar
Stellar (XLM) $ 0.387708 5.16%
polkadot
Polkadot (DOT) $ 7.43 2.88%
weth
WETH (WETH) $ 3,486.49 2.51%
hyperliquid
Hyperliquid (HYPE) $ 29.34 0.07%
bitcoin-cash
Bitcoin Cash (BCH) $ 463.39 1.61%
leo-token
LEO Token (LEO) $ 9.54 1.43%
uniswap
Uniswap (UNI) $ 14.16 1.89%
litecoin
Litecoin (LTC) $ 108.08 2.34%
pepe
Pepe (PEPE) $ 0.000019 4.00%
bitget-token
Bitget Token (BGB) $ 5.34 16.36%
near
NEAR Protocol (NEAR) $ 5.54 2.11%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,683.29 2.73%
ethena-usde
Ethena USDe (USDE) $ 0.998993 0.17%
aave
Aave (AAVE) $ 376.16 0.71%
internet-computer
Internet Computer (ICP) $ 11.39 6.62%
aptos
Aptos (APT) $ 9.73 3.17%
usds
USDS (USDS) $ 0.999973 0.35%
crypto-com-chain
Cronos (CRO) $ 0.160678 0.22%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.518105 3.00%
vechain
VeChain (VET) $ 0.052286 10.01%
mantle
Mantle (MNT) $ 1.23 3.41%
ethereum-classic
Ethereum Classic (ETC) $ 27.51 1.90%
render-token
Render (RENDER) $ 7.73 0.50%
bittensor
Bittensor (TAO) $ 502.79 1.82%
monero
Monero (XMR) $ 195.89 4.29%
mantra-dao
MANTRA (OM) $ 3.78 1.06%
whitebit
WhiteBIT Coin (WBT) $ 24.86 2.16%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.37 1.26%
dai
Dai (DAI) $ 0.999835 0.11%
arbitrum
Arbitrum (ARB) $ 0.805268 1.27%
filecoin
Filecoin (FIL) $ 5.36 4.46%