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Business
GSK Invests In U.K. Manufacturing
by Lisa M. Jarvis
December 16, 2013
| A version of this story appeared in
Volume 91, Issue 50
GlaxoSmithKline will sink roughly $330 million into a new manufacturing facility and upgrades to existing sites in England. The facility, likely to be in Ware, will translate new technologies into real-world manufacturing applications. The investments add to the more than $850 million recently committed by GSK to British manufacturing. The company says the moves are a result of the U.K.’s Patent Box, a program introduced in April to give corporations tax relief on profits from patented products.
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