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Veronica Garabelli// March 29, 2016//
Merck, a major pharmaceutical company, said Tuesday it will invest $168 million to expand its manufacturing operation in Rockingham County.
The company, which has been operating a plant near Elkton since 1941, will upgrade its plant infrastructure, add manufacturing-related facilities and equipment, and undertake a personnel-training initiative to support the bioprocessing environment.
Gov. Terry McAuliffe approved a $1.3 million performance-based grant from the Virginia Investment Partnership program for the project. Funding and services to support the company’s employee retraining activities will be provided through the Virginia Jobs Investment Program.
New Jersey-based Merck, known as MSD outside the U.S. and Canada, had 68,000 employees and revenues of $39.5 billion in 2015.
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