INDIANAPOLIS (AP) -- Generic drugmaker Teva Pharmaceutical Industries Ltd. said Thursday it will spend $56 million to expand a Canadian production plant.
The Israeli company said the province of Ontario will provide a $6.5 million grant to Teva Canada to keep 182 high-skilled workers and hire 20 new employees. The plant is in Stouffville, Ontario.
Teva Pharmaceutical employs 35,000 people worldwide.
Company shares rose 69 cents to $54.99 in Thursday morning trading.