Abbott plans new $500 million infant formula factory

(CNN) – The company taking some of the blame for the baby formula shortage is trying to make amends.

Abbott Nutrition said it is planning to invest a half billion dollars in a new factory to manufacture specialty infant formulas.

The shutdown of Abbott’s infant nutrition plant in Sturgis, Michigan, and a recall of some of its products led to an ongoing formula shortage.

A census bureau survey reports nearly one-third of households with an infant younger than one are still having trouble finding formula.

Abbott said it is in the final stages of finding a site for its new factory.

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