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May 26, 2006

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Alltech to Build New $11 Million R&D Facility

ALLTECH has announced plans to build a new $11 million facility dedicated to animal nutrigenomics and applied animal nutrition on its corporate campus in Nicholasville. The facility, which is being funded in part through a $1 million grant from the state, will be the first facility of its kind in the world, according to information released by Alltech. "The field of nutrigenomics, or the effect of diet on health, is one of the most exciting in science today," said Dr. Karl Dawson, Alltech's director for worldwide research. "Feeding the gene is the way forward. It will keep American agriculture and livestock production at the forefront."

"Alltech, though present in 85 countries around the world, is a Kentucky company," said Dr. Pearse Lyons, found and president of Alltech. "We were founded in Kentucky, our corporate headquarters are in Kentucky, and with this grant, some of our most exciting research will take place in Kentucky. With nutrigenomics, we have already been able to put in place sic provisional patents which should be converted into complete patents within the next two months."

The grant from the state, which is designed to advance the development of Kentucky's biotechnology sector, is expected to create 40 new jobs in research and development over the next five years. Alltech currently employs more than 300 people at its facility in Nicholasville.

The Lane Report

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