Sigma-Aldrich Unveils Plans for $8 Million Lab Scale Production Complex in Hyderabad, India
Sigma-Aldrich Corporation and the Andhra Pradesh provincial government jointly announced the Company's plans to construct an $8 million, 50,000 square foot laboratory scale production complex in Hyderabad's ICICI Knowledge Park.
The facility -- which will eventually house 70 to 80 new chemists doing contract research, process development and small scale custom synthesis work largely for pharmaceutical customers -- will be constructed within the Company's previously announced $88 million capital budget for 2004. It will serve as a "feeder site" for the Company's larger scale production operations in Germany, Switzerland, the United Kingdom and the United States. The Company expects the facility, sitting on 10 acres of recently acquired land, to be fully operational by the first quarter of 2005.
In commenting on the planned expansion, Jai Nagarkatti, President -- Scientific Research, who was born in Hyderabad, said: "This complex is the next logical step in our Company's expansion in India. From simple beginnings as a liaison office in 1992, our business in India has grown rapidly, doubling to just under $11 million in sales over the past three years alone."
Other news from the department business & finance
