Dermapharm Holding SE announced that it is beginning with construction of a production, storage and administration building at the Friedrichsdorf site of its subsidiary axicorp GmbH. Hans-Georg Feldmeier, CEO of Dermapharm Holding SE and Managing Director of axicorp, and Anna-Karina Gerner, Managing Director of axicorp, will commence with the official construction work by holding the symbolic ground-breaking ceremony together with the mayor of the municipality, Horst Burghardt. The new building with approximately 10,000 m² of space will replace the previously rented floor space on 17,488 m² of commercial property. In addition to the associated optimization of the cost structure, Dermapharm intends to achieve a significant improvement in processes with the new building. The company is planning an investment volume of around EUR 13 million for the new building that is scheduled to be completed by December 2021.