Degussa Expands Shanghai R&D Center (posted 8/15/07)
“From its Research & Development (R&D) center in Shanghai, Degussa has enlarged the scope of its research and development work in China,” said Alfred Oberholz, Ph.D., deputy chairman of the management board of Degussa GmbH, in the opening ceremony for the expanded center. “The expansion underscores the strengthened R&D activities and the continued commitment of Degussa in China.”
The former R&D center was inaugurated in April 2004 after an investment of €12 million (~ $16 million). The expansion provides, among other things, a regional hub for sales, marketing, technical services, R&D, and the service platform for customers in China and other countries in the Asia/Pacific region.
“With today’s inauguration of the enlarged R&D Center Shanghai, we’re delivering on our promise to further enhance our presence in China in research and development. The center will help us to strengthen the interface between Degussa’s business units and customers, universities, and research institutes in China, and provide customers with tailor-made solutions and our high-quality products. Our center will also be the principle site for our marketing and sales activities and the administrative functions of the Degussa China region,” said Dahai Yu, Ph.D., regional president of Degussa China. “The expansion of our R&D center marks yet another milestone for our Make China Happen initiative, which aims to boost our sales in China to €800 million (~ $1,093 million) by 2009.”
About 2300 of Degussa’s employees work in R&D at over 35 worldwide research locations. Degussa also cooperates with more than 200 universities and research institutes in an effort to swiftly transfer scientific knowledge into business. Some 20% of group sales are based on products and technologies that are less than five years old. Over the next few years, Degussa intends to invest about €100 million (~ $137 million) annually in China, which will further strengthen the company’s commitment to this important growth region.
Additional information is available at www.degussa.com.