Boehringer Ingelheim Chemicals Inc. (BICI) will close its Petersburg, Virginia plant at the end of 2014. According to an Aug. 15, 2013 BICI press release, the facility will continue normal operations through the remainder of 2013 and phase out operations the following year. The closure will impact 240 employees through a multistage process starting in December 2013.

The Petersburg facility manufactures active ingredients for the pharmaceutical industry. BICI’s parent company, Boehringer Ingelheim, conducted a review of its current manufacturing capabilities worldwide, as well as needs in the industry, and determined that it had more capacity than the marketplace can sustain. BICI considered selling the facility but was unable to find a buyer. The company said it will begin working with its customers immediately to ensure a smooth transition to new suppliers.

Source: Boehringer Ingelheim Chemicals