Navigation Links
SAFC Hitech(TM) Plans Further Expansion Into Asia
Date:11/5/2007

Memorandum of Understanding Signed with South Korean Gyeonggi Province

ST. LOUIS, Nov. 5 /PRNewswire-FirstCall/ -- SAFC Hitech(TM), a focus area within SAFC(R), a member of the Sigma-Aldrich Group (Nasdaq: SIAL), today announced that a Memorandum of Understanding (MoU) with the Gyeonggi Province of South Korea has been signed. The MoU signals the Company's intentions of exploring investment opportunities that may result in a facility being built in the province for the supply and manufacture of electronic materials.

The MoU was signed by SAFC Hitech President Barry Leese and Moon-Soo Kim, Governor of Gyeonggi Province, in a ceremony held in New York City, New York, on November 2, 2007. The MoU is part of an ongoing program of regional investment by Sigma-Aldrich Corporation. In September 2007, the Company announced its intent to invest in a facility at the Wuxi-New District Park (WND) located northwest of Shanghai, China.

Commenting on the possible expansion of SAFC Hitech's global presence into South Korea, Leese said, "We see South Korea as an important market for SAFC Hitech, with a very strong domestic electronics business that represents an excellent opportunity for us to supply electronic chemicals for use in the semiconductor market. Gyeonggi Province, in particular, has been extremely proactive and supportive of our intentions. We look forward to exploring a long and mutually beneficial relationship with the region."

SAFC President Frank Wicks added, "As part of the strategic plan SAFC laid out in 2005, we expect to increase our investment in a number of regions, including the Asia-Pacific markets. By exploring investment avenues with South Korea, we have the opportunity to accelerate sales growth in the Asia-Pacific region while, at the same time, increasing our capacity and allowing us to better serve our local and global SAFC Hitech customer base."

About SAFC:

SAFC(R) is the custom manufacturing and services group within Sigma-Aldrich that focuses on products and services for high technology applications, cell culture products and services for biopharmaceutical manufacturing, biochemical production and the manufacturing of complex, multi-step organic synthesis of APIs and key intermediates. SAFC has manufacturing facilities around the world dedicated to providing manufacturing services for companies requiring a reliable partner to produce their custom manufactured materials. SAFC has four focus areas -- SAFC Pharma(TM), SAFC Supply Solutions(R), SAFC Biosciences(TM), and SAFC Hitech(TM) -- and had annual sales of nearly $500 million in 2006. SAFC is one of the world's 10 largest fine chemical businesses. For more information about SAFC, visit http://www.safcglobal.com.

About SAFC Hitech:

SAFC Hitech provides a unique chemistry service translating application understanding into performance materials worldwide. Through collaborative partnerships and an integrated approach from research and development, process development and scale up to commercial manufacturing, SAFC Hitech invests in innovation and manufacturing enabling current and future technology needs. Further information can be found at http://www.safchitech.com

About Sigma-Aldrich:

Sigma-Aldrich is a leading Life Science and High Technology company. Our biochemical and organic chemical products and kits are used in scientific and genomic research, biotechnology, pharmaceutical development, the diagnosis of disease and as key components in pharmaceutical and other high technology manufacturing. We have customers in life science companies, university and government institutions, hospitals and in industry. Over one million scientists and technologists use our products. Sigma-Aldrich operates in 36 countries and has 7,800 employees providing excellent service worldwide. We are committed to accelerating Customers' success through leadership in Life Science, High Technology and Service. For more information about Sigma-Aldrich, please visit our award-winning web site at http://www.sigma-aldrich.com.

Cautionary Statement:

This release contains forward-looking statements relating to future performance, goals, strategic actions and initiatives and similar intentions and beliefs and other statements regarding the Company's expectations, goals, beliefs, intentions and the like, which involve assumptions regarding the Company's operations and conditions in the markets the Company serves. The Company does not undertake any obligation to update these forward-looking statements.

SAFC(R) and SAFC Supply Solutions(R) are registered trademarks of Sigma-Aldrich Biotechnology L.P. and Sigma-Aldrich Co., Sigma-Aldrich(TM), SAFC Pharma(TM), SAFC Biosciences(TM) and SAFC Hitech(TM) are trademarks of Sigma-Aldrich Biotechnology L.P. and Sigma-Aldrich Co.


'/>"/>
SOURCE Sigma-Aldrich Group
Copyright©2007 PR Newswire.
All rights reserved

Related biology technology :

1. SAFC Hitech(TM) Joins Aviza and ST Microelectronics for Solid State Technology ALD Webcast
2. China Kangtai Cactus Biotech, Inc. Announces Plans for New Product Launch
3. Genmab Discloses Target and Development Plans for HuMax-Inflam
4. Monsanto Company Executives Adopt 10b5-1 Trading Plans
5. Angiotech announces additional diameters of sutures to further expand its Quill(TM) SRS PDO product line
6. China Sky One Medical Receives $1.5 Million Government Grant to Further Develop Six New Cancer Products
7. VaxGen Further Restructures to Preserve Cash as It Pursues Strategic Initiatives
8. Monitorforhire.com Adds Mobile Phone Capability Further Speeding Access to Experienced Monitors
9. New Data Presented on Immunocytokine Fusion Protein Further Supports Broad Anti-Cancer Potential Of Peregrines Anti-PS Technology Platform
10. Organons Asenapine Further Demonstrates Efficacy in Reducing Mania Symptoms for the Treatment of Bipolar I Disorder
11. Agencourt Genomic Services is Key Collaborator in New Research That Further Defines Landscape of Breast and Colon Cancers
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... Brooklyn, NY (PRWEB) , ... June 24, 2016 , ... ... 15mm, machines such as the Cary 5000 and the 6000i models are higher end ... height is the height of the spectrophotometer’s light beam from the bottom of the ...
(Date:6/23/2016)... June 23, 2016   Boston Biomedical , ... compounds designed to target cancer stemness pathways, announced ... granted Orphan Drug Designation from the U.S. Food ... gastric cancer, including gastroesophageal junction (GEJ) cancer. Napabucasin ... to inhibit cancer stemness pathways by targeting STAT3, ...
(Date:6/23/2016)... , ... June 23, 2016 , ... ... YM (Yeast and Mold) microbial test has received AOAC Research Institute approval 061601. ... microbial tests introduced last year,” stated Bob Salter, Vice President of Regulatory and ...
(Date:6/23/2016)... , ... June 23, 2016 , ... ... announced the launch of the Supplyframe Design Lab . Located in Pasadena, ... explore the future of how hardware projects are designed, built and brought to ...
Breaking Biology Technology:
(Date:6/22/2016)... June 22, 2016  The American College of Medical Genetics ... Executive Magazine as one of the fastest-growing trade shows ... at the Bellagio in Las Vegas . ... percentage of growth in each of the following categories: net ... and number of attendees. The 2015 ACMG Annual Meeting was ...
(Date:6/22/2016)... WASHINGTON , June 22, 2016 On ... highly-anticipated call to industry to share solutions for the ... by U.S. Customs and Border Protection (CBP), explains that ... nationals are departing the United States ... criminals, and to defeat imposters. Logo - ...
(Date:6/20/2016)... 20, 2016 Securus Technologies, a leading ... for public safety, investigation, corrections and monitoring announced ... it has secured the final acceptance by all ... Managed Access Systems (MAS) installed. Furthermore, Securus will ... be installed by October, 2016. MAS distinguishes between ...
Breaking Biology News(10 mins):