Johnson & Johnson, a U.S.-based manufacturer of medical devices and pharmaceuticals, spent $18.2 million refurbishing its pharmaceutical manufacturing plant in Cape Town and it plans to add 130 jobs in the next five years, the company said in a press release.
The money was invested in technology and infrastructure to meet aggressive growth targets the organisation has set for itself. Johnson & Johnson wants to triple its business in the next five to seven years, said Makis Kosmatos, managing director for sub-Saharan Africa.
