SPRINGFIELD, Ill. (AP) — Illinois officials have announced a German company is planning a $320 million production facility in the Chicago suburb of Des Plaines (dehz-PLAYNZ').
Vetter provides manufacturing services to the pharmaceutical industry such as prefilled syringe systems. The company is based in Ravensburg, Germany, and has a production facility and sales office in Skokie, Illinois.
Vetter has signed an economic development agreement with Illinois, but state commerce officials did not disclose the details in their announcement Tuesday. The plans need approval from the Des Plaines City Council.
The plans were announced by the Illinois Department of Commerce & Economic Opportunity and a private group, the Illinois Business and Economic Development Corporation. They estimate the facility could provide 300 new jobs.