Business
8:37 am
Fri November 22, 2013

Lansing company plans $200 million expansion

A Lansing company has announced a major expansion.

Niowave plans to build a $200 million production facility at the Capitol Region airport.

The facility will produce radio-isotopes for use in medical testing.

Terry Grimm is Niowave’s president. He says locating the facility at Lansing’s airport will help with national and international distribution.

“[With] Close proximity to the airplanes. We can quickly get them to the hospitals and processing facilities around the country and even around the world,” says Grimm.

Niowave is one of the few American companies in the radio-pharmaceutical industry.

The growing industry is expected to generate three billion dollars in 2014.

The new Lansing facility is expected to employ at least 90 people.