BUSINESS NEWS | - MB.COM.PH 02/16/2003
Mead Johnson to relocate infant milk production here
By Bernie Cahiles-magkilat
"Mead Johnson Nutritionals, the world’s leader in infant nutrition, will relocate here its infant formula and children’s milk production from Indonesia, making the Philippines its biggest manufacturing operation in Asia after China.
This was revealed by MeadJohnson Phils. president and general manager Peter Kasper Jakobsen in an interview with the Business Bulletin.
"We have significant investments here and we have a long term interest in building our capabilities in the Philippines. The Philippines has the potential," Jacobsen said.
As the Mead Johnson plant in Indonesia is downsized, two-thirds of Indonesia's production will be transferred here, increasing the Philippine manufacturing capacity by 30 percent. Indonesia will be served by exports from the Philippines."