Aug18Thu

Member News from PhilaPort

New weekly Asia route touted as ‘biggest thing that’s happened to the Port of Philadelphia in decades’
Philadelphia Business Journal 

For the first time, the Port of Philadelphia now has a direct, weekly link to Asia’s economy as it launches the Wan Hei Lines’ Asia — America 9 Service.

The route has a transit time of 35 days and gives Philadelphia access to ports along Asia’s Eastern Coast. It makes stops at Haiphong, Vietnam; Shekou (Shenzhen), Shanghai and Qingdao, China; Kaohsiung, Taiwan; and Balboa, Panama, before coming to the Packer Avenue Marine Terminal in South Philadelphia. It’s expected to create 720 jobs (157 of which will be at PhilaPort), over $194 million in economic impact and $7.2 million in state and local taxes per year.

Click HERE to read more.

Aug12Fri

Member News from Almac Group

Almac Group plans $65M expansion to Souderton campus, more than 350 new jobs in Montgomery County
Philadelphia Business Journal

Almac Group is planning a $65 million, 100,000-square-foot expansion of its North American headquarters in Montgomery County that will significantly increase its manufacturing, packaging and storage capacity.

The Irish company provides research, development, packaging and other services to pharmaceutical and biotech companies around the globe developing drugs and undertaking clinical trials. It anticipates breaking ground on the addition in Souderton early next year.

Click HERE to read more.