By James T. Madore
One of Long Island’s largest drugmakers plans to open an 11th local facility and add 40 people to its payroll in the next two years, officials said.
Contract Pharmacal Corp., which employs 1,325 people, will rent about 60% of 150 Engineers Rd., in Hauppauge. Executives said the 73,000-square-foot space will be converted into a factory, with two bottling lines, and a warehouse.
The manufacturer of generic prescription drugs, over-the-counter medicine and vitamins is “busting at the seams and needs more and more space,” its real estate attorney Garrett L. Gray told a meeting of the Suffolk County Industrial Development Agency. The company’s other 10 local facilities, including its headquarters, are all in Hauppauge, he said.
The IDA board gave preliminary approval last week for $425,120 in tax breaks to support CPC’s latest expansion, including a $385,440 reduction in property taxes, or a 27.5% savings over 10 years. The tax deal still must win final approval from the IDA after a public hearing.
The $3.6 million project on Engineers Road is the sixth to receive tax breaks. Aid from the county and New York State a decade ago was instrumental in CPC’s decision to remain on Long Island rather than move to Florida, home to some of its owners.