Saturday, July 19, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Real Estate

Novartis invests US$256 million to expand Singapore plant

by Riah Marton
in Real Estate
Novartis invests US6 million to expand Singapore plant
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 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 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 (DPM) Heng Swee Keat said 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.

“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.

Tags: ExpandInvestsMillionNovartisPlantSingaporeUS256
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
Build Up Episode 8: How to Watch, Preview, Spoilers, and More of MNet Vocal Boy Group Survival Show

Build Up Episode 8: How to Watch, Preview, Spoilers, and More of MNet Vocal Boy Group Survival Show

Leave a Reply Cancel reply

Your email address will not be published.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

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2024 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

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