UK-based pharmaceutical and biologics company AstraZeneca is set to invest £75m to build a new packing and warehouse facility at its base in Macclesfield site in Cheshire, England.
The latest investment comes on the heels of the investments made by the company earlier in a new sterile production facility in addition to renovating two other buildings that bring total recent investments to £200m.
Macclesfield Conservative MP David Rutley said: "This is a clear vote of confidence in the town and in our highly skilled workforce.
"I am most grateful for all the hard work of the AstraZeneca team in Macclesfield for making this possible."
The building will house new packing lines for tablets and capsules as well as an automated 30m tall warehouse.
Construction of the warehouse is set to begin in 2016 and is also expected to create more jobs locally.
Medicines from the Macclesfield site are sent worldwide. The site makes up 1% of the whole of the UK's exports of goods.
The latest news will further demonstrate AstraZeneca's proposal to provide the required medical treatments from its site in the town and also supports the Cheshire Science Corridor strategy.
Macclesfield site manager Andy Evans told Macclesfield Express: "The packaging plant which employs around 300 people is quite an old factory. This is a big investment to upgrade them and secure the site's future."