Abbott to invest RM192mil in plant in Kulim

Abbott to invest RM192mil in cataract lens plant in Kulim

KULIM: Abbott, one of the world’s leading healthcare companies, is investing US$60mil (RM192mil) to build a facility at the Kulim Hi-Tech Park (KHTP) to manufacture intraocular lens (IOLs) used to treat cataracts.

Diane Beno, Abbot Medical Optics divisional vice president of global operations, said the facility marked the first manufacturing investment in Malaysia to broaden the group’s presence globally.

She said the plant was expected to begin operations next year, with the first products available in the second half of 2016.

“The facility will supply the global IOLs market. An intraocular lens is implanted in the eye after the removal of natural lens that has become clouded by a cataract,” she told reporters after the ground-breaking ceremony for the facility in Kulim.

The event was officiated by Kedah Menteri Besar Datuk Seri Mukhriz Tun Dr Mahathir.

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