Johnson & Johnson sells its largest India plant as demand weakens
Johnson & Johnson (J&J), which is struggling with slowdown of demand for its consumer products in India, sold its largest manufacturing plant in the country – at Penjerla in Telangana – to Hetero on a slump sale basis.
The financial details of the sale were not disclosed. A J&J spokesperson did not comment on the sale.
J&J’s manufacturing plant spread across 55.27 acres was completed in 2016 to
Read more at: ECONOMIC TIMES
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