Kodak to Use $765 Million U.S. Government Loan to Launch New Pharmaceuticals Arm

The following appears on theweek.com

The Eastman Kodak Company, known for making film and other photography-related products, will receive a $765 million loan from the federal government in order to start producing pharmaceutical ingredients.

A new division, Kodak Pharmaceuticals, will focus on producing two types of chemicals used to manufacture generic pills and tablets, creating 350 jobs in Rochester, New York, and St. Paul, Minnesota.


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SOURCE The Week

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