Advertisement

Picture Berlin Partner Hotspot for Startups 650x80px
Document › Details

Sartorius AG. (11/25/21). "Press Release: Sartorius Significantly Expands Activities in South Korea". Göttingen.

Region Region Incheon (region)
  Country Korea, Republic of
Organisation Organisation Sartorius Korea Biotech Co., Ltd.
  Group Sartorius (Group)
Products Product laboratory equipment and instruments
  Product 2 cell culture media
Persons Person Kreuzburg, Joachim (Sartorius 200305– CEO)
  Person 2 Lindemann, Timo (Sartorius 201906 Corporate Communications)
     


The life science company Sartorius is investing around 270 million euros, some 300 million U.S. dollars, through the end of 2024 in expanding its activities in South Korea. In the country’s biopharma hub Songdo in Incheon, the company plans to launch cell culture media production and to assemble sterile systems for efficient and flexible manufacturing of biopharmaceuticals, among other operations. This investment responds to the dynamic development of the South Korean market as well as of further Asian markets.

“The development of the biopharmaceutical industry in Asia and, in particular, South Korea, has entered a new phase characterized by a high innovation and investment pace on the part of our customers. With our significant investments in Songdo, we will be increasing capacities, moving production operations closer to our customers in the region and substantially accelerating our delivery speed,” said Sartorius Executive Board Chairman and CEO Joachim Kreuzburg on Thursday in South Korea after meeting with ministers of the country’s government.

Construction of the company’s facilities on the property site covering some 25,000 square meters, or close to 270,000 square feet, will include an application center with laboratories as well as several buildings for manufacturing and logistics. In total, new jobs for approximately 750 people will be created there. In addition, Sartorius‘ existing activities for service as well as marketing and sales will relocate to the new site under development, which offers space for further extensions. Construction work at the site is slated to begin in the coming year, and production operations are scheduled to start by the end of 2024.

Sartorius has been operating a sales and service office in South Korea for more than 30 years. Currently, more than 180 people work at this location for Sartorius.



A profile of Sartorius

The Sartorius Group is a leading international partner of life science research and the biopharmaceutical industry. With innovative laboratory instruments and consumables, the Group’s Lab Products & Services Division concentrates on serving the needs of laboratories performing research and quality control at pharma and biopharma companies and those of academic research institutes. The Bioprocess Solutions Division with its broad product portfolio focusing on single-use solutions helps customers to manufacture biotech medications and vaccines safely and efficiently. The Group has been annually growing by double digits on average and has been regularly expanding its portfolio by acquisitions of complementary technologies. In fiscal 2020, the company earned sales revenue of some 2.34 billion euros. At the end of 2020, nearly 11,000 people were employed at the Group’s approximately 60 manufacturing and sales sites, serving customers around the globe. Follow Sartorius on Twitter and on LinkedIn.


Contact

Timo Lindemann
Press Spokesman
+49 (0)551.308.4724
timo.lindemann@sartorius.com
www.sartorius.com

   
Record changed: 2022-02-05

Advertisement

Picture [iito] No Content Marketing 650x100px

More documents for Sartorius (Group)


To subscribe to our free, monthly newsletter for the European life sciences, please send an e-mail to info@iito.de and simply fill the subject line with the word »LSE Newsletter«

Find more infos about advertising at [iito] web portals in our media flyer [iito] in a Nutshell [PDF file]

Please visit also our web portals for the European life sciences and the worldwide mass spectrometry industry at Life-Sciences-Europe.com (European life sciences) and Mass-Spec-Capital.com (worldwide mass spectrometry)

Please visit also our web portals for the life sciences in German-speaking Europe (DE, AT & CH) and the worldwide mass spectrometry industry at Life-Sciences-Germany.com (life sciences in German-speaking Europe) and Mass-Spec-Capital.com (worldwide mass spectrometry)

Advertisement

Picture Berlin Partner Bionnale the Annual Life Sciences Event 650x80px




» top