Abbott's first factory in China completed

Abbott Laboratories recently announced that its first nutritional products factory in China, with an investment of around 200 million yuan, is already completed and been put into operation in the Guangzhou Economic and Technological Development Zone.

This is Abbott's first step in the localization of its nutritional products in China's market.

The nutritional products manufacturing factory in Guangzhou, which has begun production, is Abbott's 12th factory of this kind worldwide. It will produce the brand-new Gold Premilac Series of infant formula milk powder and other nutritional products.

Previously, as one of the four largest suppliers that dominated China's imported infant formula milk powder market, Abbott was the only producer whose products on the Chinese market were solely imported. So its sales in China's market were unable to rapidly grow.

Now, Abbott has made a high-profile announcement that it has set up a factory in China. Perhaps now is the right time for Abbott to expand its market share.

Source: People's Daily Online