By Dominic Chopping

Danish insulin maker Novo Nordisk A/S (NVO) said Thursday it is investing DKK500 million in a new raw material warehouse in Hillerod, Denmark.

The warehouse will handle all inbound raw materials for Novo Nordisk's production in Denmark and will have a capacity of around 17,000 pallets.

Novo Nordisk's site in Hillerod currently has about 1,900 employees and 70 employees will work in the warehouse.

The warehouse is expected to be fully operational end 2017.

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics

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(END) Dow Jones Newswires

September 03, 2015 03:40 ET (07:40 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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