A groundbreaking ceremony held on Thursday 28 January 2021 marked the start of the multi-million production plant extension project of B Medical Systems in Hosingen in northern Luxembourg.
His Royal Highness the Hereditary Grand Duke of Luxembourg, Prince Guillaume, the Minister of the Economy, Franz Fayot, and the Minister of Health, Paulette Lenert, joined the CEO of B Medical Systems, Luc Provost, and the Mayor of Parc Hosingen, Romain Wester, at this ceremony, which marked the extension of the manufacturing facilities of B Medical Systems in Luxembourg. The new plant will be located next to the existing manufacturing facility of the company in Hosingen.
The ceremony also witnessed the signing of a co-financing agreement with B Medical Systems by Economy Minister Franz Fayot, in the presence of the Hereditary Grand Duke, Health Minister Paulette Lenert and Deputy CEO of B Medical Systems, Jesal Doshi.
B Medical Systems is a global leader in the vaccine cold chain industry and is a leading medical refrigeration solution provider. The company manufactures ultra-low freezers, vaccine refrigerators, freezers and transport boxes used for storing and transporting vaccines including COVID-19 vaccines across the world.
The extension project is a result of the significant rise in the demand for its products across the world and will house several new production lines for its products. The project is supported by various Luxembourgish construction companies and is expected to be operational by July 2021, creating 150 additional jobs.
The expansion will be spread over several phases for an estimated investment of €12 million. The first phases foresee the construction of a new production hall. Operational for the second half of 2021, the extension of the site will allow the parallel installation of rotational molding and assembly lines, as well as the installation of test stations to validate the operation of each piece of equipment. The extension project is partially co-financed by the Ministry of the Economy as part of aid to carry out an investment project for products helping to combat the health crisis.
Economy Minister Franz Fayot explained: "B Medical Systems is a perfect example for the interrelation and complementarity of the different instruments put in place to support businesses In the era of COVID-19. B Medical Systems is also a good example which shows that Luxembourg is home to a dynamic health technologies sector, with activities and production capacities at the cutting edge of technological progress”.
B Medical Systems CEO Luc Provost added: “I am happy to announce the start of the extension of our production plant, in collaboration with the Government of Luxembourg. Over the last few months, the demand for vaccine cold chain has gone up tremendously. With the vaccine rollout happening in a phased approach, we see this demand continuing for at least another two years. Hence the extension is a critical step for us to support customers across the world in offering reliable vaccine cold chain solutions. We are glad that we could get all the suppliers for this project from within Luxembourg".
B Medical Systems is the exclusive supplier of Luxembourg’s COVID-19 vaccine cold chain solution. The company’s products offer a storage and transportation range of -80 °C to +4°C and are being used to store the COVID-19 vaccines procured by the Luxembourg government. The company is also supporting the COVID-19 vaccine cold chain infrastructure across various countries including Germany, France, the USA, Mexico and Indonesia.