MedTech firm Vantive to build €150m facility in Ħal Far
Robert Abela says facility will provide 250 jobs
An offshoot of US healthcare giant Baxter International is to develop a €150 million factory in Ħal Far.
The facility will be operated by Vantive, a MedTech company spun off from Baxter's kidney care division in 2025 as a standalone vital organ therapy company after it was acquired by funds managed by global investment firm Carlyle.
Details of the project were announced at a joint news conference between the government and Vantive on Wednesday.
Construction of the factory on 16,000 square metres of land is slated to begin later in 2026 and is set to be completed in 2027, with the factory aiming to be fully operational by 2029.
The area in Hal Far where the facility will be developed.Vantive is particularly focused on vital organ therapies, particularly kidney care and dialysis. It aims to expand patient access to treatment through advanced therapies, digital solutions and care services.
Baxter, which is now completely independent of Vantive and also competes in the MedTech sector, already has a long-established presence in Malta dating back to the 1980s and is currently expanding its Maltese operations.
Vantive's parent firm, Carlyse, is one of the world's largest private investment groups, with US$426 billion worth of assets under management.
Speaking on Wednesday afternoon in Ħal Far, where the Vantive factory will be built, Prime Minister Robert Abela described the investment as a historic moment.
“This is a new greenfield project that will create 250 new, high-quality careers, many of which will be in the science and technology sectors,” Abela said.
He added that the investment was the biggest vote of confidence in the Maltese economy.
“It is a clear confirmation that under this administration, Malta has become a serious destination for the biggest global investments. In a highly competitive world, Malta is succeeding because it stability, a clear direction and a long-term vision.
Economy Minister Silvio Schembri, who had first teased the investment in January, said the investment was the fruit of months of hard work, negotiations and determination so that Malta could attract strategic investments in a highly competitive global environment.