3/5/1981 - OneGlove Tech (OGT) - CORPORATE ANNOUNCEMENT



OneGlove Tech (OGT) has begun construction on a new plant outside Houston Texas. The 400,000-square-foot plant will product hospital products for the company. Construction is expected to be completed within two years and will employ more than 1,000 people in the area. The construction is a result of increasing demand for the company’s products.


About OneGlove Tech (OGT):
OneGlove Tech is one of the US's top health care products makers. Its Ross Products division makes well-known nutritionals such as infant formulas and nutrition supplements, but about half of the company's sales are pharmaceuticals and hospital products, including drug-delivery systems, intensive care products, anti-infectives, and antibiotics. Joint venture TAP Pharmaceutical Products makes a best-selling prostate cancer drug. Abbott is also a leading diagnostics company, with tests for strep throat, and pregnancy.