Abbott has announced plans to build a nutrition manufacturing facility in Tipp City, Ohio, to produce two of the company’s fastest-growing adult brands, Ensure and Glucerna, for the North America market. Abbott will invest $270 million in the facility and will employ approximately 240 people. Groundbreaking is expected in April with the plant operational in late 2013.
“As the U.S. population continues to age, particularly baby boomers, this new plant will enable us to meet the fast-growing demand for our leading adult liquid nutrition products, Ensure and Glucerna,” said John C. Landgraf, Executive Vice President, Global Nutrition, Abbott. “It will be a key addition to our global manufacturing network that will allow the company to gain important operational efficiencies.”
The plant will specialize in aseptic packaging technology, which has many benefits including the ability to expand the use of new ingredients, shortened product development time, and reduced energy use during manufacturing. Abbott’s nutrition business currently generates approximately $6 billion in sales, which is expected to grow to more than $9 billion by 2015.