Mead Johnson set to build new production unit in Singapore
Mead Johnson, a manufacturer of pediatric nutrition products, has announced to build a new manufacturing and technology center in Singapore.
The project is the biggest investment for the company and is needed to sustain future growth in its growing market across the Asian region.
The total project cost of $325m includes $300m for capital spending and $25m for expenses. The plant is likely to be commissioned in mid-2014.
Mead Johnson global supply chain senior vice president Jeffrey Jobe said this significant investment includes the company's first spray dryer in Asia, which will strengthen its regional supply chain and help improve the overall operating efficiency.
Company President and CEO Steve Golsby said it has been a leader in pediatric nutrition in Asia for over 40 years, and beyond additional capacity, these new facilities will also bring important technologies and capabilities closer to the Asian markets it serves.
The company's 'Enfa' family of brands, including Enfamil infant formula, is one of the world's leading brand franchises in pediatric nutrition.