Monday, April 24, 2006

Nutrition: Abbott to invest $280 in nutritional powder manufacturing plant in Singapore

Abbott, has announced that it is to build a nutritional powder manufacturing plant in Singapore's Tuas Biomedical Park 2.

The plant is Abbott's first major capital investment in Asia and its largest nutritional investment ever. It is also the largest investment in a nutritional plant in Singapore to date by any one company.

Abbott is investing $280 million in the state-of-the-art facility which is due to be completed in 2008.