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Insulet Hosts Groundbreaking Ceremony for its New Manufacturing Facility in Malaysia
ACTON, Mass.--(BUSINESS WIRE)-- Insulet Corporation (NASDAQ: PODD) (Insulet or the Company), the global leader in tubeless insulin pump technology with its
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[{"type":"text","content":" ACTON, Mass.--(BUSINESS WIRE)--\nInsulet Corporation (NASDAQ: PODD) (Insulet or the Company), the global leader in tubeless insulin pump technology with its Omnipod® brand of products, will host a groundbreaking ceremony for its new manufacturing facility in Malaysia, further strengthening its global manufacturing capabilities.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220601005937/en/Insulet breaks ground on new manufacturing facility in Johor Bahru, Malaysia (Photo: Business Wire)\n“We are taking an important step to further diversify globally and ensure our valued customers continue to have uninterrupted access to our life-changing products,” said Chuck Alpuche, Insulet Executive Vice President and Chief Operating Officer. “This new Malaysian factory will help support our fast-paced growth, robust innovation pipeline, and global expansion.”\n\nThe new manufacturing facility, located in Johor Bahru, will produce the Company’s Omnipod Insulin Management System and include approximately 400,000 square feet of manufacturing space. Insulet plans to invest approximately $200 million over five years and hire more than 500 full-time employees once the facility is operating at full capacity.\n\nDuring the groundbreaking ceremony on June 2, Insulet will unveil plans to source environmentally responsible and resource-efficient materials for the new facility. The architectural design includes sustainable elements that qualify for Green Building Initiative (GBI) and Leadership in Energy and Environmental Design (LEED) certification. Insulet’s regional sourcing strategy includes the use of local suppliers for component parts to support the Company’s global expansion.\n\nInsulet officials will be joined by several Malaysian dignitaries including the Malaysian Investment Development Authority, the Ministry of Internal Trade and Industry, Iskandar Regional Development Authority, Iskandar Puteri City Council, and members from the U.S. Embassy in Malaysia.\n\n“We are pleased to welcome Insulet to Malaysia as the medical device company expands their manufacturing capabilities,” commented Lee Ting Han, Johor State Investment, Trade and Consumer Affairs Committee Chairman. “This project validates Johor’s attractiveness as a top international investment destination. We believe thi...