• About
  • Advertise
  • Contact
Saturday, July 26, 2025
  • Login
No Result
View All Result
NEWSLETTER
The NY Journals
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
No Result
View All Result
The NY Journals
No Result
View All Result
Home Technology

Novartis invests US$256 million to expand Singapore plant

by Sarkiya Ranen
in Technology
Novartis invests US6 million to expand Singapore plant
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


SWISS biopharma giant Novartis has invested US$256 million to expand its biopharmaceutical manufacturing plant in Singapore. The expanded site will focus on manufacturing therapeutic antibody drugs.

Novartis said that it plans to deploy digital and automation solutions at the site to enhance manufacturing productivity, improve operational efficiency, and upskill the workforce.

The expanded plant, which is expected to be operational by early 2026, is estimated to create 100 new job openings in the local life sciences sector. Novartis said that it also intends to provide training for its existing employees to “thrive in a highly digitalised and automated setting”. 

At the groundbreaking ceremony on Friday (Mar 15), Deputy Prime Minister Heng Swee Keat said that the site expansion would more than double Novartis’ production capacity in Singapore.

He also highlighted the biomedical sector as one of the top five contributors to Singapore’s manufacturing output – with manufacturing, as a whole, accounting for close to 20 per cent of the nation’s gross domestic product.

He noted: “This latest collaboration is testament to how like-minded partners can work together, across borders and continents, to address shared global challenges like public health.”

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

In his speech, DPM Heng emphasised the importance of investing in new innovations to make biopharma more productive and sustainable going forward.

Another sector priority would be to deepen product innovation and seek new frontiers in therapeutics that can have an impact in Singapore and the wider region. 

DPM Heng, who is also coordinating minister for economic policies, noted that innovative biological medicines will be developed both in-house, and by partners, at Novartis’ expanded site.

He encouraged the company to extend its partnership with Singapore to manufacture advanced modalities, such as gene and cell therapy, radioligand therapies, and ribonucleic acid (RNA) therapeutics. “I hope that you will forge even closer partnerships, so that we can collectively push the frontiers of biomedicine further.”

Since 1986, Novartis has invested over US$1 billion in its partnership with Singapore.

After establishing a manufacturing site here in 2022, the group in 2013 set up its first Asia-based biopharmaceutical production facility, which represents one of the largest manufacturing investments made by the company to date.



Source link

Tags: ExpandInvestsMillionNovartisPlantSingaporeUS256
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

Next Post
Amid Water Crisis, Bengaluru Residents Switch To WFH, Use Toilets In Malls

Amid Water Crisis, Bengaluru Residents Switch To WFH, Use Toilets In Malls

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

“Poor Thing”: Row Over Sonia Gandhi’s Remarks On President’s Speech

“Poor Thing”: Row Over Sonia Gandhi’s Remarks On President’s Speech

6 months ago
NRIC numbers may not be secure enough for authentication purposes, but how will companies adapt?  

NRIC numbers may not be secure enough for authentication purposes, but how will companies adapt?  

7 months ago

Popular News

    Connect with us

    The NY Journals pride themselves on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

    Transcending the bounds of New York City to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

    NEWS

    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Real Estate
    Instagram Youtube

    © 2025 The New York Journals. All Rights Reserved.

    • About Us
    • Advertise
    • Contact Us
    No Result
    View All Result
    • Home
    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Trending

    Copyright © 2023 The Nyjournals

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In