Alcon to build drug plant in Singapore
Switzerland-headquartered Alcon plans to build a facility in Singapore that will manufacture pharmaceuticals to be distributed throughout most of Asia. The company aims to break ground in 2009 with the plant being fully functional in 2012. The new Alcon unit is expected to employ more than 150 people within three years after commencing production.
Ophthalmics specialist Alcon, which is majority owned by Swiss food giant Nestle, is currently the subject of a two-part takeover agreement from pharmaceuticals major Novartis (Marketletter April 14).
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