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Resilience and Lilly Invest $750 Million to Increase U.S.-Manufactured Medicine Supply

Business

Resilience and Lilly Invest $750 Million to Increase U.S.-Manufactured Medicine Supply
Business

Business

Resilience and Lilly Invest $750 Million to Increase U.S.-Manufactured Medicine Supply

2026-07-30 20:01 Last Updated At:20:10

CINCINNATI--(BUSINESS WIRE)--Jul 30, 2026--

Resilience, a technology-forward contract development and manufacturing organization dedicated to broadening access to complex medicines, today announced it has expanded its strategic partnership with Eli Lilly and Company to increase U.S. production of critical medicines featuring new pharmaceutical manufacturing investments in Ohio.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260730073895/en/

Building on a partnership first established in 2023, $750 million of investment by Resilience and Lilly has expanded Resilience’s advanced manufacturing operations in the Cincinnati region, which will now include Lilly’s KwikPen injectable device for innovative medicines treating diabetes and obesity. The addition of KwikPen production will create at least 400 new high-skilled jobs, bringing total Resilience-created jobs in Ohio to more than 1,400 across its facilities. Site preparation for the campus expansion is underway, with full operations expected to commence in early 2027.

“We are proud of what we have built together with Lilly and this new expansion as we scale production of complex medicines in Ohio,” said William S. Marth, President and Chief Executive Officer of Resilience. “Our investment reflects our long-term commitment to building one of the largest and most advanced sterile injectable and device assembly and packaging operations in the United States, and demonstrates how trusted partnerships, operational excellence, and disciplined execution can strengthen America’s medicine supply.”

Edgardo Hernandez, Lilly’s Executive Vice President and President, Manufacturing Operations, added, “As demand for our medicines continues to increase, scaling complex manufacturing programs requires proven technical capability, an uncompromising commitment to quality, and the ability to deliver consistently over time. Today’s announcement highlights Resilience's role as a strong partner to Lilly in strengthening domestic supply of high-demand treatments.”

The multi-year manufacturing partnership between Lilly and Resilience has already produced more than 150 million doses of medicines for patients in the United States in vial and pre-filled syringe formats. Together, the companies have established one of the nation’s largest sterile injectable manufacturing operations, demonstrating how trusted U.S. manufacturing partnerships can rapidly scale production while maintaining the highest levels standards of quality, reliability, and execution.

“Resilience is an example of Ohio’s emerging leadership in biomanufacturing,” said Governor Mike DeWine. “The company’s recent headquarters move from California to Blue Ash and today’s announcement of an expanded partnership with Lilly further validates the state’s life science workforce, infrastructure, and collaborative approach to economic development.”

Resilience currently operates two advanced facilities in the Cincinnati region that together comprise nearly 1 million sq. ft. and employ nearly 1,000 Resilience team members across manufacturing, operations, quality, and regulatory functions. The company recently announced the establishment of its Blue Ash, Ohio location as its global headquarters, evidencing its long-term commitment to the state.

Today’s announcement reflects Resilience’s expanding role in U.S. pharmaceutical manufacturing and its long-term commitment to expanding manufacturing production in Ohio. Further, Resilience’s partnership with JobsOhio, REDI Cincinnati, and Ohio Life Sciences (OLS) has promoted a strong pipeline of high-skilled manufacturing talent in the Cincinnati region.

“JobsOhio and our partners welcome the manufacturing of Eli Lilly’s portfolio of medicines to Resilience in West Chester,” said JobsOhio President and CEO J.P. Nauseef. “Statewide investments in biomanufacturing training are preparing Ohioans for careers with Resilience and other industry leaders seeking growth.”

About Resilience

Resilience is a North American contract development and manufacturing organization (CDMO) focused on delivering high-quality, scalable manufacturing solutions for advanced therapies. With capabilities spanning biologics drug substance, cell-based therapies, and aseptic drug product manufacturing for both small and large molecules, Resilience partners with leading biopharma companies to bring complex medicines to market faster and more reliably. The company is building a streamlined, high-performance network designed to meet the evolving needs of clinical and commercial-stage innovators. For more information follow us on social media: Resilience on LinkedIn.

Resilience currently operates two advanced facilities in the Cincinnati region that together comprise nearly 1 million sq. ft. and employ nearly 1,000 Resilience team members across manufacturing, operations, quality, and regulatory functions.

Resilience currently operates two advanced facilities in the Cincinnati region that together comprise nearly 1 million sq. ft. and employ nearly 1,000 Resilience team members across manufacturing, operations, quality, and regulatory functions.

VIENNA--(BUSINESS WIRE)--Jul 31, 2026--

RHI Magnesita, the leading global supplier of high-grade refractory products, systems and solutions, announces its results for the six months ended 30 June 2026.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260731178441/en/

Strong earnings improvement despite continued market weakness

RHI Magnesita delivered a solid earnings improvement in the first half of 2026, supported by continued execution of management-led self-help measures and strong performance in the Steel segment.

Adjusted EBITA increased by €24 million, or 17%, to €165 million, compared with €141 million in the first half of 2025. This included a material foreign exchange headwind of €24 million. On a constant currency basis, Adjusted EBITA increased by 42% year-on-year.

Working capital intensity temporarily increased to 24% as RHI Magnesita increased raw material inventories ahead of expected stronger second-half order books and to mitigate tariff uncertainty. Cash conversion was 97%. Net debt increased to €1,528 million, while leverage remained flat at 2.9x Net Debt to Adjusted EBITDA.

Self-help measures and steel performance support earnings improvement

The improvement reflects continued delivery of RHI Magnesita’s management self-help measures across pricing, administrative costs and plant network optimisation.

The Group remains on track to deliver the previously guided €45 million Adjusted EBITA improvement from price adaptions, network optimisation and administrative cost savings. Further raw material and plant network initiatives are expected to deliver additional benefits in 2027.

The Steel segment performed well, supported by the self-help programme and demand growth in certain regions. Performance was particularly positive in North America, Europe and India.

The Industrial segment was weaker than expected, reflecting continued caution among customers and delays to higher-margin Industrial Projects in Glass and Industrial Applications. Cement and Non-Ferrous Metals improved slightly year-on-year.

Full-year guidance confirmed

RHI Magnesita has confirmed its full-year Adjusted EBITA guidance of €400 million, including an anticipated foreign exchange headwind of approximately €35 million.

Capital expenditure guidance has been reduced from €130 million to €115 million. Working capital intensity is expected to reduce to 22% by year-end as the temporary inventory build unwinds.

Net debt is expected to fall to approximately €1,400 million by the end of 2026, with leverage reducing towards 2.6x Net Debt to Adjusted EBITDA.

Stefan Borgas, Chief Executive Officer, commented:

RHI Magnesita delivered a solid double-digit earnings improvement compared with the first half of 2025, supported by continued progress on our self-help initiatives. We are pursuing further measures across the plant network and raw materials, to reduce costs and sell into non-refractory raw material markets, to enhance the Group’s operating leverage when demand improves.

About RHI Magnesita

RHI Magnesita is the global leader in refractory products, systems and solutions that enable high-temperature industrial processes exceeding 1,200°C. Through its refractory products, services and expertise, the company supports customers across the steel, cement, non-ferrous metals, glass and other high-temperature process industries. With more than 20,000 employees and a global network of raw material sites, production facilities, recycling centers, and sales offices, it serves customers worldwide.

RHI Magnesita is listed on the London Stock Exchange (RHIM) and has a secondary listing on the Vienna Stock Exchange. For more information, visitwww.rhimagnesita.com.

2026 Half Year Results. Stefan Borgas, CEO

2026 Half Year Results. Stefan Borgas, CEO

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