Waters Corporation to invest $215 million in Precision Chemistry Manufacturing in Massachusetts

Following recent approval by its Board of Directors, Waters Corporation announced plans to significantly expand its precision chemistry operation in Taunton, Mass. The company anticipates investing approximately $215 million to build and equip a new state-of-the-art facility that will support rising global customer demand, as well as ongoing innovation in chemistry technology.

The company’s Taunton, Massachusetts site is responsible for bulk synthesis of chromatographic media which is critical to sample analysis for pharmaceutical, biopharmaceutical, materials, food, clinical and biomedical research applications.

said Christopher J. O’Connell, Waters Corporation Chairman and CEO.

The Taunton project is a noteworthy example of Waters’ capital allocation strategy, which prioritises investing for long term growth and innovation. The return on this investment will be enhanced by the company’s access to capital following U.S. tax reform, as well as the strong partnership of the Commonwealth of Massachusetts and the City of Taunton.

The company plans to employ LEED certification standards as well as state-of-the-art manufacturing and process technology to construct a new center-of-excellence that meets output, cost, quality and sustainability objectives. Specific plans remain subject to refinement, however the company expects the new plant will be operational by 2022. Until then, the existing Taunton facility will fully meet operational and growth needs.