Teva Pharmaceuticals will bring distribution facility, 200 jobs to NE Phila. Read more: http://www.philly.com/inquirer/business/20101028_Teva_Pharmac

Teva Pharmaceuticals USA, the American arm of the Israeli company that is the world's largest generic-drug maker, will create 200 jobs at a distribution facility it plans to open in Northeast Philadelphia.

An announcement about the company's new distribution facility, to be located on Red Lion Road, is expected at 1 p.m. Thursday at City Hall.

Few details were available late Wednesday, but a statement from U.S. Rep. Allyson Y. Schwartz (D., Pa.) said Teva will construct three buildings totaling 1.2 million square feet on a 140-acre parcel on Red Lion Road.

The $295 million project will create more than 200 jobs within three years and retain more than 200 existing positions, the release from Schwartz said.




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