AUBURN, Alabama -- SiO2 Medical Products will invest $90 million in a new facility that is expected to add up to 300 new jobs in Lee County, according to a release from Gov. Robert Bentley's office.
The release referred to the jobs as high-tech positions and said the company will supply the medical industry with products for the biological drugs industry. The company’s products and related processes are protected by 37 patents worldwide.
The Retirement Systems of Alabama is cited as a partner in bringing the project to fruition. "The RSA has worked on this project for two years and the financing closed last week," said David Bronner, RSA's chief executive office.
“The patented product represents a major breakthrough in healthcare," Bronner said. "This project is one that will be recognized worldwide as the type of company Alabama needs to continue to recruit with its high-paying and stable jobs.”
The release said SiO2 has had ties to Auburn since 1994. Auburn Mayor Bill Ham Jr. said the city is grateful for the job creation. “We are extremely proud that the company found in Auburn a place to assemble and grow a team that would lead to today’s announcement,” Ham said.
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