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GSK vaccine plant largest in Singapore after $300m expansion
The Straits Times
|July 14, 2023
Investment helps to bolster the country's position as innovation hub, says minister
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- Underscoring Singapore's longstanding partnership with GSK, Mr Gan Kim Yong noted how Singapore's whole-of-ecosystem approach to collaborating with the pharmaceutical giant has differentiated the city-state as an "attractive investment destination, enabling us to maintain our competitiveness even in the face of challenges such as rising costs".
The expansion of British drugmaker GSK's facility in Tuas has earned the title of Singapore's largest vaccine production site based on a cumulative investment of some $850 million, said Minister for Trade and Industry Gan Kim Yong.
Speaking as the guest of honour at the facility's breaking-ground ceremony on Thursday, Mr Gan said this comes after an additional investment of more than $300 million.
This story is from the July 14, 2023 edition of The Straits Times.
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