Nutritional supplement producer Nutribiotech has selected Victoria as the location for its fourth global manufacturing facility.
The Korean-based company, which has factories Korea and the US, makes vitamins, minerals and nutritional supplements for several major Australian brands, in addition to exporting its own products to more than 25 countries around the world.
Minister for Trade and Investment Philip Dalidakis said the plant that will create 150 new full-time jobs over the next three years.
“This represents one of the biggest Korean investments in Victoria and shows that Victoria is a great location for pharmaceutical investment,” Mr Dalidakis added.
“We will continue to work with local and international companies to encourage investment that will grow our medtech and pharma sector and create jobs for Victorians.”
Mr Edward Kwon, President Nutribiotech Australia, said the new state-of-the-art facility is a complete manufacturing system that takes products from concept and R & D right through to manufacture and final packaging.
“Victoria’s highly skilled workforce and world class expertise in medical technologies and pharmaceuticals make it the perfect place for Nutribiotech to make this major investment in a new state-of-the-art facility,” he concluded.