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Abbott Nutrition to Invest $500 Million in Infant Formula Manufacturing as Shortages Continue

Abbott Nutrition to Invest $500 Million in Infant Formula Manufacturing as Shortages Continue
Similac and Enfamil products on largely empty shelves in the baby formula section of a Target store, amid continuing nationwide shortages in infant and toddler formula, in San Diego, on May 25, 2022. Bing Guan/Reuters
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
0:00

Abbott Nutrition has announced plans to invest half a billion dollars in an infant formula manufacturing facility, saying that it has determined that the domestic supply chain for formula needs to be bolstered amid capacity shortfalls.

“We’re moving forward with plans for a half-billion-dollar investment in a new U.S. nutrition facility for specialty and metabolic infant formulas,” Abbott Nutrition chairman and CEO Robert Ford said during an Oct. 19 earnings call.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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