Indiana manufacturer makes changes overseas
Vertellus Specialties Inc., a specialty chemicals company based out of Indianapolis, is making major changes on a global scale.
The company's facility in Antwerp, Belgium, will now manufacture Niacin, a form of nicotinic acid, for pharmaceutical use. While the company has been manufacturing this ingredient for a number of years, it can only now make the substance as a pharmaceutical ingredient after numerous upgrades were made to ensure the business complies with pharmaceutical guidelines and follows best manufacturing practices.
This move will open up new revenue building opportunities for Vertellus by increasing its potential clientele. Bentley Park, President of Vertellus Agriculture & Nutrition Specialties LLC, spoke in a press release about his optimism for the company's future.
"We are very excited to broaden our market capabilities to include pharmaceutical use for Niacin," Park said. "Among other applications, Niacin increasingly is used as a critical ingredient in drugs that help improve cardiovascular health by increasing good cholesterol levels. We can now provide another source and more options for pharmaceutical companies making those life-saving drugs."
While many manufacturers have humble beginnings, the opportunity to operate overseas and add new applications for products is there for ambitious executives to take. However, any serious move like this must be complemented with appropriate software.
Businesses that get into new territories must ensure their actions comply with regulations that previously may not have had relevance to their operations. When working overseas, there are a number of factors to be cognizant of, including currency conversion. Businesses in the area can help their cause by partnering with a manufacturing software solutions provider in Indiana.