Cy­ti­va pledges $52.5M in­to South Ko­re­an op­er­a­tions as it ex­pands glob­al plans

When Cy­ti­va de­cid­ed it would play a role in the Covid-19 pan­dem­ic, it moved quick­ly to open new man­u­fac­tur­ing sites and adapt ex­ist­ing ones. Now, the com­pa­ny will send that in­vest­ment over­seas as the com­pa­ny an­nounced a mul­ti­mil­lion-dol­lar mem­o­ran­dum of un­der­stand­ing with South Ko­rea last week.

South Ko­re­an Pres­i­dent Moon Jae-in was present for the an­nounce­ment, which took place at a New York cer­e­mo­ny. Cy­ti­va has pledged $52.5 mil­lion in South Ko­rea for the next two years, start­ing in 2022, Moon said.

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