Pharmaceutical Company Expands In Riverview
A pharmaceutical manufacturing company in Riverview is expanding and planning to add jobs for highly trained workers in the life sciences field.
Ash Stevens manufactures medicines to treat cancer. It plans to increase production by 50 percent and add 60 jobs over five years, according to Dr. Stephen Munk, CEO of Ash Stevens.
“This is the first phase of what will be, give or take, a $20 million expansion that we anticipate will grow a large number of jobs and permit our sales to grow quite dramatically,” Munk said.
“We are excited because it shows a diversity of the economy that’s coming about,” Wayne County Executive Robert Ficano said.
“Life sciences are starting to really take hold, not only in Wayne County, really in southeastern Michigan,” he said.
The Ash Stevens expansion is being made possible with tax breaks from the city of Riverview and Wayne County, and a grant from the Michigan Economic Development Corporation.
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