Roche: U.S. investment plans will not be at expense of other parts of world
April 24 (Reuters) - Roche's ROG.S CEO said on Thursday that its announcement earlier this week of a massive investment push in the United States will not come at the expense of budgets that have been earmarked for other world regions.
"Our plan is not to reduce manufacturing in other parts of the world," CEO Thomas Schinecker said in a media call after the release of first-quarter sales, citing investment projects in China, Germany and Switzerland.
The Swiss drugmaker said on Tuesday it would invest $50 billion in the United States over the next five years, creating more than 12,000 new jobs, in the latest massive investment by companies reacting to President Donald Trump's tariff policy.
Schinecker added that Roche was also not increasing its overall budgets for global investments, research and development.
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