ABBOTT PARK, Ill., July 11, 2014 /PRNewswire/ -- Today's announcement of a proposed strategic alliance with Fonterra to develop dairy farms is the latest in a series of investments Abbott (NYSE: ABT) has made in China, deepening its commitment in the country. In June, Abbott opened a state-of-the-art nutritional manufacturing facility in Jiaxing, and earlier this year, Abbott opened two research and development centers in Shanghai. In 2014, Abbott has announced more than US$400 million (2.5 billion RMB) of investments in its China operations.
Abbott has made these investments in order to improve people's nutrition and health, and further establish the company as a long-term partner in China's development. Today, Abbott has more than 4,000 employees in China. Abbott investments and engagements in China include:
"Our goal is to help people live healthier lives," said Miles D. White, chairman and chief executive officer, Abbott. "That means investing in the countries where we live and work. We're committed to using our science, our product quality and educational efforts to raise the level of health in China and around the world."