Dandenong will be the home for making more than 1 million Panadol tablets a day, creating 85 local jobs.
Aspen Australia won the landmark contract to supply Panadol products for Australia, South East Asia, the Middle East, North Africa and New Zealand.
It will undertake a major expansion of its Dandenong factory as a result.
Aspen will produce about 485 million tablets a year, and 6.7 million bottles and tubes of the paracetamol painkillers.
Aspen Asia Pacific CEO Trevor Ziman said the contract required “significant capital investment and job creation”.
“(It) will consolidate the long-term future of Aspen’s expanding manufacturing presence in Victoria.”
The State Government declared it had played a hand in Aspen winning the contract.
Trade and Investment Minister Philip Dalidakis announced the win while launching the Government’s new Investing In Victoria strategy on 25 September.
“This strategy is the result of thorough consultation across government and significant industry research – it will ensure that Victoria continues to adapt and thrive in a global economy,” Mr Dalidakis said.
“Announcements like this show that the world’s biggest companies are keen to come to Victoria and create jobs, and we’re keen to have them here.”
The strategy identifies global investment markets to create local jobs, such as energy, health, advanced manufacturing, creative industries, digital technologies, tourism, agriculture, tertiary education, professional services, and retail and logistics.
