Irish Biotech Group Alltech Plans A $30M Investment

Irish-owned biotechnology group Alltech plans to invest $30m in three new facilities over the next year. The company has just begun work on a new $10m production facility in Caritiba in the south of Brazil. And this week it opened a $5m sales and marketing headquarters in Stellenbosch in South Africa. Alltech says it has also set aside $15m for a third phase of investment earmarked for a plant in the Northern hemisphere. It is looking at sites in the US and Western Europe, including the Republic and Northern Ireland. The US-based biotech's new 20,000 sq m plant in Brazil will take its total manufacturing spend to $25m in the country. Its new Latin American plant will produce yeast for Alltech's animal feed and food products.
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