The construction work is already underway, along with the supporting infrastructure, including a tank farm. As part of its mid-term outlook PolyPeptide plans to invest around EUR 100 million at the site and to create approximately 100 permanent new positions.

PolyPeptide plans to invest around EUR 100 million at the site and to create approximately 100 permanent new positions.

The additional production capacity will mainly serve to fulfill one of the large commercial agreements previously communicated by PolyPeptide. It relates to one of the growth initiatives reflected in the mid-term outlook, whereby PolyPeptide targets to double 2023 revenue by 2028 and to deploy capital expenditures of 15% to 20% of revenue to ensure capacity, also beyond 2028, it states.

The large-scale capacity expansion in Malmö allows us to further deepen the long-standing collaboration with an important GLP-1 customer.

“The large-scale capacity expansion in Malmö allows us to further deepen the long-standing collaboration with an important GLP-1 customer. We are making good progress with the implementation of our growth strategy to meet our mid-term targets, benefiting from balanced, supportive partnerships with customers,” says Juan José González, CEO of PolyPeptide.