The leading science electronic company Merck, plans to build one of its most comprehensive Electronics Technology Centers in China. The new Electronics Technology Center will host capabilities for analytics, application testing and sampling for electronic materials.
- The 3,300 square meter facility will be located at the companys Jinqiao hub in Shanghai.
- Merck China has signed a memorandum of understanding (MOU) with Shanghai Pudong Government on this strategic investment today at the China International Import Expo (CIIE) 2020.
- The opening of the technology center with an investment of $20 million is planned for the first half of 2022
The prominent acquisitions and investments by Merck are featured below:
Oct 2020: Merck announced to invest $23 million to expand its OLED (organic light-emitting diode) manufacturing capacity at its sites in Pyeongtaek, Korea and Shanghai, China. The investment will enhance local manufacturing capacities as well as strengthen the companys position as key supplier of high-purity OLED materials for panel makers in Asia.
Oct 2020: Merck, announced to invest approximately $164 million for a new membrane production facility in Darmstadt, Germany. The expansion will create about 55 new jobs in the region.
Sep 2020: Merck, announced to invest approximately $70 million to expand its HPAPI and ADC manufacturing capabilities and capacity at its facility near Madison, Wisconsin, USA.
May 2020: Merck, announced its investment in a neuromorphic computing startup SynSense, based in China and Switzerland. The deal will boost Mercks presence in Chinese artificial intelligence market.
January 2020: Merck, had announced an investment of $275 million for a new Biotech Development Center in Switzerland. The new facility will be located in Corsier-sur-Vevey, Switzerland. Merck’s new center will be devoted to biotech development and manufacturing for clinical studies.
The R&D investment by the company will help secure capacity and high agility to deliver clinical trial material cost-effectively. The development center will contribute to accelerate the timelines for new biological entities, and address the increasing manufacturing complexity of the next generations of biotech compounds.
About Merck KGaA
Merck KGaA is a German science and technology company operating in various sectors such as healthcare, life science, and performance materials. The company was started in 1668, and now has approximately 56,000 employees across the world. It has global rights to use the Merck name and brand. The only exceptions are the USA and Canada, where the business sectors of Merck operate as EMD Serono in healthcare, MilliporeSigma in life science, and EMD Performance Materials.