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BRIEF-Merck Invests EUR 100 Mln To Accelerate Single-Use Manufacturing In China

reuters.com · 04/29/2022 08:48
BRIEF-Merck Invests EUR 100 Mln To Accelerate Single-Use Manufacturing In China

- MERCK KGAA MKKGY:

  • MERCK INVESTS APPROXIMATELY EUR 100 MILLION TO ACCELERATE SINGLE-USE MANUFACTURING IN CHINA

  • PARTNERSHIP WITH ADMINISTRATIVE MANAGEMENT COMMITTEE OF WUXI NATIONAL HIGH-TECH INDUSTRIAL DEVELOPMENT ZONE TO JOINTLY CULTIVATE AND ENHANCE THE LIFE SCIENCE ECOSYSTEM IN WUXI

  • PLANS TO INVEST APPROXIMATELY EUR 100 MILLION (RMB 700 MILLION OR USD 110 MILLION) OVER SIX YEARS BY EXPANDING EXISTING WUXI PRODUCTION SITE TO SIGNIFICANTLY INCREASE BIOPHARMA SINGLE-USE ASSEMBLIES AND CUSTOM DESIGN CAPABILITIES

  • INVESTMENT IS EXPECTED TO CREATE ABOUT 1,000 NEW POSITIONS AND BE OPERATIONAL BY 2024

Further company coverage: MKKGY


(Gdansk Newsroom)

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