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Pharmaceutical industry

Consumers Power Company and Pharmacia & Upjohn Ink Long-Term Power Supply Agreement

Strategic Insights

— 1 min read

Consumers Power Company, a subsidiary of CMS Energy Corporation, has signed a 10-year agreement with Pharmacia & Upjohn to provide discounted electricity to the pharmaceutical company's Kalamazoo and Portage facilities. The deal will see Consumers Power supply approximately 75 megawatts of electricity to Pharmacia & Upjohn's research and manufacturing facilities. This agreement is expected to enhance Pharmacia & Upjohn's competitiveness in the international market, according to the company's vice president for engineering, Charles E. Bell. The deal is seen as a mutually beneficial long-term relationship between the two companies.

Key Takeaways:

  • The agreement provides for the supply of approximately 75 megawatts of electricity to Pharmacia & Upjohn's Kalamazoo and Portage facilities.
  • The deal is for a period of 10 years and includes discounted rates for Pharmacia & Upjohn.
  • The agreement is expected to enhance Pharmacia & Upjohn's competitiveness in the international market.
  • Pharmacia & Upjohn's Kalamazoo area facilities employ a workforce of 6,700 people and are one of the largest sites for the company worldwide.
  • Consumers Power Company is Michigan's largest natural gas and electric utility, serving over 6 million residents in 68 Lower Peninsula counties.
  • Pharmacia & Upjohn is the ninth largest pharmaceutical firm in the world, with annual global sales expected to approach $7 billion.
  • The company has a worldwide workforce of 34,200 people.

Statistics:

  • 75 megawatts of electricity will be supplied to Pharmacia & Upjohn's facilities under the agreement.
  • The agreement is for a period of 10 years.
  • Pharmacia & Upjohn's Kalamazoo area facilities employ 6,700 people.
  • Consumers Power Company serves over 6 million residents in 68 Lower Peninsula counties.
  • Pharmacia & Upjohn is the ninth largest pharmaceutical firm in the world.
  • The company has a worldwide workforce of 34,200 people.
  • Pharmacia & Upjohn's annual global sales are expected to approach $7 billion.

Sources:

  • "Consumers Power Company and Pharmacia & Upjohn Ink Long-Term Power Supply Agreement," PRNewswire, Dec. 4, 1995.
  • "Consumers Power Company," CMS Energy Corporation, 1995.

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