- Colgate-Palmolive Company’s (NYSE:CL) division Hill’s Pet Nutrition has announced more than $250 million investment to build a new factory.
- The factory will be built in Leavenworth County in their home state of Kansas to help meet the growing demand for their vet recommended Hill’s pet nutrition.
- The facility will be built on 80 acres in Tonganoxie Business Park in Tonganoxie, Kansas.
- “This project will represent the largest capital investment ever made by a manufacturer in Leavenworth County,” said Steve Jack, Executive Director, Leavenworth County Development Corporation.
- The Tonganoxie plant will be Hill’s fourth manufacturing site in the U.S.
- Colgate has cash and equivalents of $995 million as of March 31, 2021.
- Price action: CL shares are trading lower by 1.15% at $81.48 on the last check Friday.
HOOKIPA Advances HB-200 Program To Phase 2 And Prioritizes Oncology Portfolio Based On Clinical Data Updates Across Its Novel Arenaviral Platform
Based on positive interim Phase 1 data, HOOKIPA initiates Phase 2 study to assess HB-201 in combination with pembrolizumab in 1st and 2nd line head and neck cancer
Interim Phase 1 HB-200 data
