Mead Johnson Nutrition (MJN) are to build a new manufacturing and technology centre in Singapore. The project is the biggest capital expenditure in the company's history and is needed to support future growth in its fast-growing business across the Asia region.
The total project cost of $325m is comprised of $300m in capital spending and $25m in expenses. The plant is expected to be fully operational in 2014.
Jeffrey Jobe, senior vice president, global supply chain, said: "The new facility is needed to meet future demand for Mead Johnson products and will enable us to better serve our customers across Asia. This significant investment includes the company's first spray dryer in Asia, which will strengthen our regional supply chain and help improve our overall operating efficiency. Demand for our products across Asia has been increasing at a double-digit rate for the past decade, and future prospects remain strong."
In addition to the production staff required to operate the new spray dryer, a number of management and technical positions will be relocated to Singapore to support the new facilities. Some of those required positions will be new hires in Singapore, and the remaining personnel will be transferred from other MJN locations.
Source: Mead Johnson Nutrition
- If you enjoyed this article, you may also like this: Weidenhammer opens new plant in England
- Coca-Cola buys China Culiangwang Beverages for $400.5m
- Dr Pepper Snapple acquires minority stake in Bai Brands for $15m
- Soft drinks brand Zeo launches new flavours and packaging design