Upon finalization of the terms under negotiation, the total size of the two investments is expected to be over 2 trillion Korean won—roughly equivalent to $2 billion dollars—and over the total amount invested in the company's previous three plants combined throughout its nine-year history.
Adding 256KL capacity to its site, Plant 4 is scheduled to commence manufacturing activities in the second half of 2022, and further advance the company's standing as the world's largest manufacturing facility at a single location—holding a 620KL total capacity upon completion. The new plant will offer multi-scale manufacturing services to support the diversifying needs of new and existing clients.
Construction will begin on an existing site with the plant comprising of 23.8 million square meters in total floor area—the equivalent to the combined floor area of its existing three plants. In an effort to maximize operational efficiency, Plant 4 will introduce real-time production schedule simulation through automation and latest biomanufacturing technologies as well as optimization of utility supply based on data collected from its current plants.
The land under negotiation for Samsung Biologics' second bio complex is closely located to the company's current complex, and is slightly larger at 330,000 square meters. Once the terms are finalized, the company plans to create an Open Innovation center to foster biotech companies and build a global R&D facility in addition to securing space for future plants within the new complex.
"In this continuously evolving climate, we are strategically positioning ourselves to respond to the needs of our global clients who are producing new medicines that are more complex and diverse, and deliver superior client satisfaction," said Dr. Tae Han Kim, CEO of Samsung Biologics. "With the production of Plant 4, our 'Super Plant,' Samsung Biologics is investing in a total line refinement and addition of new mid- and small-scale facilities to ensure production efficiency and provide top-notch services to raise the bar even further to establish ourselves as the leading global standard."