Sigma-Aldrich to set up operations
By Our Corporate Bureau | 28 Feb 2004
Hyderabad: Sigma-Aldrich (Nasdaq-SIAL) has announced plans of setting up a bio tech development centre in Hyderabad, which includes an $8-million lab-scale production complex. This is the first time a major US life sciences company has unveiled investment plans of this scale in the country.
According to Jay Nagarkatti, president, Sigma Aldrich, this was part of the company's $88 million capital expenditure budget. The company proposes to set up a 50,000 sq ft facility to house the lab-scale production complex on a 10-acre piece of land in the ICICI Knowledge Park in the city.
Nagarkatti said the facility would start operations in the first quarter of 2005 and would have around 80 chemists for contract research. The chemists would also work on process development and small-scale custom synthesis for the company's pharmaceutical customers. The centre would serve as a 'feeder site' for its large-scale production operations in Germany, Switzerland, the UK and the US, he said.
He said the company chose Hyderabad for its excellent infrastructure facilities, proximity to institutions of higher learning, a business-friendly state government.
Sigma-Aldrich has operations in 34 countries and employs 5,000 people worldwide. The company produces biochemical and organic chemical products and kits that are used in scientific and genomic research.
According to Jay Nagarkatti, president, Sigma Aldrich, this was part of the company's $88 million capital expenditure budget. The company proposes to set up a 50,000 sq ft facility to house the lab-scale production complex on a 10-acre piece of land in the ICICI Knowledge Park in the city.
Nagarkatti said the facility would start operations in the first quarter of 2005 and would have around 80 chemists for contract research. The chemists would also work on process development and small-scale custom synthesis for the company's pharmaceutical customers. The centre would serve as a 'feeder site' for its large-scale production operations in Germany, Switzerland, the UK and the US, he said.
He said the company chose Hyderabad for its excellent infrastructure facilities, proximity to institutions of higher learning, a business-friendly state government.
Sigma-Aldrich has operations in 34 countries and employs 5,000 people worldwide. The company produces biochemical and organic chemical products and kits that are used in scientific and genomic research.