Home » Business » Production of corona vaccines yields Belgium 1 billion

Production of corona vaccines yields Belgium 1 billion


© MARC HERREMANS – MEDIA HOUSE

It is rare for the activity of one company to have a major impact on the economic statistics of a sector, let alone the performance of the entire economy. Pfizer Belgium is an exception, because the impact of the production of corona vaccines is clearly visible: it provides Belgium with 1 billion euros extra in prosperity. That writes The time Friday.

Source: BELGIAN

The production in volume of the pharmaceutical industry in the first ten months of this year was 108 percent higher than in the same period of 2020. According to figures from the statistical office Statbel. The value of pharmaceutical production grew by 101 percent in the first nine months to 29.4 billion euros.

These growth figures are according to The time mainly thanks to Pfizer. “The sharply increased production growth of the Belgian biopharmaceutical sectors in 2021 is mainly the result of Belgium’s role as an important vaccine-producing country,” said Caroline Ven, CEO of Pharma.be, the association of the pharmaceutical industry.

largest in the world

The American pharmaceutical company Pfizer selected the factory in Puurs-Sint-Amands because it specializes in filling injectable medicines in ampoules or bottles, and made it the largest vaccine factory in the world. This is where the inactive ingredients of the vaccine are made. More than 100 million corona vaccines go out every month.

Luc Van Steenwinkel, the manager of the Pfizer branch in Puurs, says in The time that he is concerned about possible disruptions in the supply chain. “The main threat is a shortage of plastics. We do everything we can to avoid interruptions. We look at alternatives and adapt our organization. There will be no shortages in the short term, but nothing is certain afterwards.”

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