PharmaChem Breaks Ground for Expansion

Authored by: Bahamas Information Services
Date: April 1, 2016


PharmaChem Technologies Grand Bahama Ltd. held its expansion ground breaking ceremony on March 31, 2016 at the plant site on West Sunrise Highway, Freeport, Grand Bahama.  Chief Executive Officer Randy Thompson, pictured, stated that the facility is one of the largest and most successful in the region. (BIS Photo/Vandyke Hepburn)


FREEPORT, Grand Bahama — Expansion for a new manufacturing plant at PharmaChem Technologies (Grand Bahama) Ltd. was officially initiated with a ground breaking ceremony on Thursday March 31, 2016 on the facility site on West Sunrise Highway, Freeport, Grand Bahama.


President of PharmaChem, Pietro Stefanutti said reactivating the site is one of the proudest moments of his professional life.  It was in 2002, Mr. Stefanutti acquired PharmaChem and, he said, the time has come to take another step ensuring that PharmaChem is a viable and sustainable operation for years to come.


Work is set to begin and plant completion is expected in early 2019.  It was stated that some 200 jobs will be created after the expansion, not including the jobs that will become available during the expansion period.  This new state-of-the-art facility, supported by Gilead Sciences Inc., will provide life-saving drugs.


From left: Pietro Stefanutti, President, PharmaChem Technologies (Grand Bahama) Ltd; the Rt. Hon. Perry G. Christie, Prime Minister of The Bahamas and Minister of Finance; the Hon. Dr. Michael Darville, Minister for Grand Bahama; and Randy Thompson, C.E.O, PharmaChem Technologies (Grand Bahama) Ltd.  Also present at the ground breaking ceremony was the Minister of Tourism and Member of Parliament for West Grand Bahama and Bimini, the Hon. Obie Wilchcombe. (BIS Photo/Vandyke Hepburn)