Thermo Fisher accelerates expansion in China
Plans new laboratory instruments manufacturing facility in Suzhou
Thermo Fisher Scientific plans to open a new manufacturing facility in China within the Suzhou Science and Technology Town early next year as part of plans to expand its presence in the Asia-Pacific region.
The new facility will develop and manufacture laboratory instruments, equipment and consumables for the growing life sciences market in China.
The Jiangsu Province and Suzhou municipality plans to create a technology based infrastructure in the region and the Suzhou Science and Technology Town is a key component of this plan.
‘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,’ said Marc Casper, president and chief executive of Thermo Fisher Scientific.
In the past 12 months, Thermo Fisher has opened a second demonstration laboratory, in Beijing, and its new China Technology Centre in Shanghai, bringing its total workforce in China to more than 1,400.
Thermo Fisher’s revenues in China grew by more than 14% in 2010 year-on-year.
