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Eli Lilly Downsizes Manufacturing Plant

PRINCE WILLIAM COUNTY, VA-Eli Lilly and Co. will decrease the size of its planned insulin manufacturing plant at the Innovation@Prince William business park from 600,000 sf to 300,000 sf. The cost of the facility will amount to $325 million instead of the previously calculated figure of $425 million.

By Barbra Murray | Updated on June 11, 2005

PRINCE WILLIAM COUNTY, VA-Three years after announcing its decision to build a new insulin manufacturing plant at the 1,600-acre Innovation@Prince William business park, Eli Lilly and Co. has revealed an alteration to the blueprint. The Indianapolis-headquartered pharmaceutical giant will reduce the size of the planned facility–which will produce the diabetes drugs Humulin and Humalog–from the originally stipulated 600,000 sf to 300,000 sf.

The development cost will go from a projected $425 million when the plan was announced in 2002 to $325 million. An Eli Lilly official announced the news in a recent meeting of the Prince William Board of County Supervisors.

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