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Novo Nordisk invests in new insulin-production plant in China

By Gerald Ondrey |

Novo Nordisk A/S (Bagsvaerd, Denmark; www.novonordisk.com) today announced a major investment in a new insulin production plant in Tianjin, China. The plant has been designated Novo Nordisk’s primary production base in the Asia Pacific region and will supply both China and export markets. The investment amounts to nearly $400 million and will create about 500 new jobs in Tianjin. It is one of the largest investments in Novo Nordisk’s history, and the largest single investment outside Denmark. “The new plant in Tianjin will become the world’s most modern insulin formulation and filling plant, and is yet another example of the increasingly important role China is playing in Novo Nordisk’s global operations,” says Lars Rebien Sørensen, president and chief executive officer of Novo Nordisk. “The new plant will help meet the increasing demand for Novo Nordisk’s insulin products in Asia. With the new plant and our R&D centre in Beijing, we will have an even stronger platform for changing diabetes in China,” says Ronald Frank Christie, president of Novo Nordisk China. Diabetes is a growing problem in China, with nearly 40 million people in the country estimated to have diabetes,…
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