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:10/11/2017)... ... 2017 , ... Proscia Inc ., a data solutions ... “Pathology is going digital. Is your lab ready?” with Dr. Nicolas Cacciabeve, Managing ... how Proscia improves lab economics and realizes an increase in diagnostic confidence.* ...
(Date:10/11/2017)... ... October 11, 2017 , ... Disappearing forests and increased emissions are ... 5.5 million people each year. Especially those living in larger cities are affected by ... in one of the most pollution-affected countries globally - decided to take action. , ...
(Date:10/10/2017)... DIEGO, CALIF. (PRWEB) , ... October 10, 2017 , ... ... as part of its corporate rebranding initiative announced today. The bold new look ... its reach, as the company moves into a significant growth period. , It will ...
(Date:10/10/2017)... ... 10, 2017 , ... Dr. Bob Harman, founder and CEO of VetStem ... The event entitled “Stem Cells and Their Regenerative Powers,” was held ... Harman, DVM, MPVM was joined by two human doctors: Peter B. Hanson, M.D., Chief ...
Breaking Biology Technology:
(Date:3/30/2017)... , March 30, 2017  On April 6-7, 2017, ... the Genome hackathon at Microsoft,s headquarters in ... competition will focus on developing health and wellness apps ... Hack the Genome is the first hackathon ... The world,s largest companies in the genomics, tech and ...
(Date:3/30/2017)... YORK , March 30, 2017 Trends, ... type (physiological and behavioral), by technology (fingerprint, AFIS, iris ... voice recognition, and others), by end use industry (government ... and immigration, financial and banking, and others), and by ... Europe , Asia Pacific , ...
(Date:3/28/2017)... 28, 2017 The report "Video ... Monitors, Servers, Storage Devices), Software (Video Analytics, VMS), and ... Global Forecast to 2022", published by MarketsandMarkets, the market ... is projected to reach USD 75.64 Billion by 2022, ... The base year considered for the study is 2016 ...
Breaking Biology News(10 mins):