A much-anticipated biomedical facility will break ground Friday at the River Ridge Business Park with officials on hand from local governments, the state and Grifols, Inc.
Grifols will turn the first shovel on a two-story, 72,000-square-foot plasma research and testing facility with an eye on completion in 2010. The company expects to employ 100 people once that construction phase is completed.
Another 100 people will be employed as the company completes production and warehouse facilities, which are slated for completion in 2012-2013.
Grifols is expected to pay an average salary of $38,571, well above the average in San Marcos. The city will refund to Grifols $1.8 million in personal property taxes in the next 15 years, while the county will refund $2.1 million in personal property taxes during the same period.
Among those too be present at the groundbreaking are Texas Secretary of State Hope Andrade, San Marcos Mayor Susan Narvaiz, Hays County Precinct 1 Commissioner Debbie Ingalsbe (D-San Marcos), Grifols President and CEO Victor Grifols and Kathy Antilla, patient advocate for Plasma Medicines.
Grifols is a Spain-based company involved in the research, development, manufacturing and marketing of plasma therapies, IV therapy solutions, enteral and parenteral nutrition, diagnostic systems, pharmacy automation, and medical materials and devices.
Grifols plasma therapies are produced from plasma obtained at 80 donor centers across the United States. The therapies are used to treat a variety of rare and life-threatening diseases.
Founded in 1940, Grifols operates in 90 countries with more than 6,000 employees and 26 subsidiaries. Grifols produces annual gross revenues of more than €800 million ($1.196 billion).Email | Print