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TexasTowelie

(112,248 posts)
Sat Oct 27, 2018, 08:07 AM Oct 2018

Allergan pulls plug on $200 million expansion in Waco

Pharmaceutical giant Allergan has quietly shelved ambitious plans it had announced for a $200 million plant expansion in Waco.

The expansion, which was feted with a 2016 groundbreaking with community and state officials, would have added 250 jobs and 322,000 square feet to the 30-year-old facility on Mars Drive. With the decision not to go forward with the project, Allergan will leave on the table $4 million in incentives that local governments had offered.

Still, the company is in hiring mode in Waco, where it employs about 700 and is looking to add 45 more jobs.

Since the 2016 expansion announcement, Allergan has endured upheavals, including the loss of a legal battle against generic competition for its Waco-produced dry-eye treatment, Restasis.

Read more: https://www.wacotrib.com/news/business/allergan-pulls-plug-on-million-expansion/article_4d28c187-b22c-5956-afe0-3ebe7fff99ca.html

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