$40M Investment At Fareva Richmond

FAREVA Group, created and managed by Mr Bernard FRAISSE, is one of the world's leading subcontractors in the fields of Household & Industrial, Cosmetic and Pharmaceutical products with 35 sites worldwide, a turnover of more than $1.5B, and a workforce of nearly 10,000 people.

In October 2011, FAREVA expanded into the United States, with the acquisition of the PFIZER manufacturing site in Richmond. Fareva Richmond employs 600 people across 745,000 sq ft of manufacturing and office space with the goal of developing its pharmaceutical, beauty and make-up businesses.

Since 2012, FAREVA Richmond has developed new capabilities to supply the North American market with products such as shampoos, shower gels, topical and hair products.

While mastering a wide range of manufacturing technologies, FAREVA is an internationally recognized specialist in "aerosol technology", with 10 production sites worldwide (6 in France, 1 in Turkey, 1 in the United Kingdom, 1 in Brazil, 1 in Russia). On December 7, 2016, FAREVA Richmond became the 11th aerosols facility in the Fareva Group, with the inauguration of its new aerosol plant in Richmond, following a first phase investment of $40 million to produce drug, OTC and beauty products.

This new installation includes:

• A flame-proof bulk manufacturing workshop ,
• All required utilities such as USP grade water, compressed air, steam, propellant gas storage,
• 3 aerosol packaging lines, including one with "bag on valve" capability,
• 1 R & D laboratory for the development of customers' products.

The plant’s production capacity is 100 million aerosols cans and will create between 80 to 100 jobs. A second phase is being considered and studied, with the aim of installing up to 4 additional lines, increasing capacity to 250 million aerosol cans. It would require an additional investment of $15 to $20 million and create approximately 150 new jobs.

This grand opening event hosted local and state officials as well as many partners who show their confidence in FAREVA.