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Wyeth to invest $280 million in China

March 12, 2008
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According to the Associated Press, drug maker Wyeth said recently it will invest $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 make infant formula milk powder and other nutritional products.

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