Seymour drug-maker to hire 150

The IBJ

Schwarz Pharma Manufacturing Inc. today announced a $12 million expansion of its Seymour manufacturing plant and distribution center, a move that's expected to increase the company's employment in the southern Indiana city from 366 to 516 by 2011.

The drug maker-a unit of Schwarz Pharma AG of Monheim, Germany-said it plans to begin hiring managers, business associates and production staff later this month.

The Indiana Economic Development Corp. is providing Schwarz up to $1.25 million in performance-based tax credits and up to $310,000 in training grants. The city of Seymour will provide a property tax abatement.

Schwarz' Seymour facility spans 280,000 square feet. It handles manufacturing for all the company's products sold in the United States, including Univasc, a blood pressure medication.