Merck to Invest Additional EUR40 Million in Asia
22 February 2018 - 12:54AM
Dow Jones News
By Anthony Shevlin
Merck KGaA (MRK.XE) said Wednesday that it is investing an
additional 40 million euros ($49.43 million) to build a
manufacturing and distribution platform in Asia over a span of two
years.
Merck said the investment includes new manufacturing and
distribution centers in Songdo, South Korea and Mumbai, India. The
South Korean center is expected to be fully operational in the
fourth quarter, said Merck.
The company said the investment in its Wuxi, China center, to
help accelerate Merck's Mobius single-use manufacturing, addresses
the growing pharmaceutical demand in the country. It said the site
will be ready in 2018 and is expected to reduce lead time by at
least half, according to the company.
The German company said the investment follows the announcement
of its EUR80 million Life Science investment in Nantong, China in
2016.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
February 21, 2018 08:39 ET (13:39 GMT)
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