Teva Pharmaceutical Industries will expand operations at its manufacturing facilities in Jerusalem's Har Hotzvim Industrial Park, it was disclosed Sunday during a visit by Mayor Nir Barkat.
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The expansion will add hundreds of new jobs. Teva already employs 1,100 workers in Jerusalem at its two factories there.
"The investment in the factory will allow Teva to upgrade its abilities in a number of areas that have strategic importance for the company," said Teva CEO Jeremy Levin. "Teva has always viewed Jerusalem as an important center for its operations, and this expansion will strengthen the position of the factory in the company's global manufacturing network."
Barkat thanked Levin for choosing Jerusalem as the sight for expanding Teva's operations in Israel following a tour of the construction site for the factory's expansion.
"Teva's two factories in Jerusalem are major places of employment in the city and centers that draw young people and researchers," said Barkat. "They are among the foundations stones that are transforming Jerusalem into an attractive place and into Israel's biomed campus."