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Velan announces an expansion of its Montreal facilities (08.28.2008)
MONTREAL, QUEBEC, Aug 28, 2008 -- Velan Inc. announced today an important expansion of its three Montreal plants in Saint-Laurent, which will include additional plant facilities, machinery, and equipment to increase capacity, improve productivity and enhance the Company's R&D capabilities. The total cost of this project will be approximately $25 million over the next three years.
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