March 11, 2008

Wyeth to invest US$280 million in Chinese nutritional plant

Wyeth announced Monday that it will invest US$280 million in a nutritional plant to be built in China.

The plant, which will be located in Suzhou Industrial Park, Jiangsu Province, China, will mostly manufacture infant formula milk powder and other nutritional products.

Chairman Robert Essner said the facility will enable Wyeth to meet the growing demand for nutritional products in the Chinese market.

The plant is targeted to run by late 2010 and is expected to employ about 500 workers.