New Facility in Suzhou to Develop and Manufacture State-of-the-Art Laboratory Instruments, Equipment and Consumables for Life Sciences Markets
WALTHAM, Mass., Mar 01, 2011 (BUSINESS WIRE) -- Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced plans for a new manufacturing facility in China within the Suzhou Science and Technology Town - part of the company's strategy to aggressively expand its presence in the Asia-Pacific region. The new facility, scheduled for completion in early 2012, will develop and manufacture laboratory instruments, equipment and consumables for China's growing life sciences markets.
The project will play an important role in the future growth of the Suzhou New District, which has been designated as a center for technology development. The new Suzhou Science and Technology Town is a key component of the regional plan developed by the Jiangsu Province and Suzhou municipality to create a technology-based infrastructure.
"China is undergoing tremendous changes that impact its population, from healthcare to the environment to food safety, creating new opportunities for investment and growth," said Marc N. Casper, president and chief executive officer of Thermo Fisher Scientific. "China continues to grow significantly and is now our third largest country in terms of revenue. By bringing Suzhou online to complement our existing facilities, we continue to increase our depth of capabilities and strengthen our competitive advantage in the region."
In the past 12 months alone, Thermo Fisher has opened a second demonstration laboratory, in Beijing, and its new China Technology Center in Shanghai, bringing its total workforce in China to more than 1,400. The company recently reported that its revenues in China grew by more than 14 percent in 2010 year to year.
About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science. Our mission is to enable our customers to make the world healthier, cleaner and safer. With revenues of nearly $11 billion, we have approximately 37,000 employees and serve customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as in environmental and process control industries. We create value for our key stakeholders through two premier brands, Thermo Scientific and Fisher Scientific, which offer a unique combination of continuous technology development and the most convenient purchasing options. Our products and services help accelerate the pace of scientific discovery, and solve analytical challenges ranging from complex research to routine testing to field applications. Visit www.thermofisher.com.
SOURCE: Thermo Fisher Scientific Inc.
Thermo Fisher Scientific Inc.
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