Nu Skin Enterprises has broken ground on the $50m Greater China Innovation Park in Shanghai, China.
The Greater China Innovation Park will be located in the heart of Shanghai’s Fengxian District and serve as office headquarters for the Greater China region.
The 57-acre park will house anti-aging research and development laboratories, as well as manufacturing facilities, modern meeting spaces and spacious green areas.
"The new Greater China Innovation Park is a testament to the vast opportunity and great potential we see for our Greater China business, particularly mainland China," said Nu Skin Enterprises CEO Truman Hunt.
"This new facility will be the single largest Nu Skin corporate complex in the world, representing our continued focus on innovation, as well as our unyielding dedication to providing our distributors with innovative products, rewarding business opportunities and an enriching, uplifting culture," he added.
Project design and planning was completed by the one of the key architects who participated in the Shanghai World Financial Centre project.
The facility’s new anti-aging laboratories will facilitate research and collaboration by bringing the company’s China-based scientists together.
"We believe that Nu Skin has a great future in Greater China, particularly in mainland China, and are pleased to be planting roots in the thriving city of Shanghai and contributing to its flourishing business community," Hunt said.
The facility is expected to get LEED Gold certification for its sustainable features.
The project is scheduled for completion by mid-2013.