Pharmaceutical & Biotech
Merck Invests in South Korean Facility
Merck will invest 430 billion won (US$319 million) in Daejeon, South Korea, to create a base for targeting the Asia-Pacific region.
Released Wednesday, May 22, 2024
Reports related to this article:
Researched by Industrial Info Resources (Sugar Land, Texas)--Merck (Darmstadt, Germany) will invest 430 billion won (US$319 million) in Daejeon, South Korea, to create a base for targeting the Asia-Pacific region.
The new plant will be built within the International Science Business Belt in Dungok District, Yuseong-gu, and detailed design work for construction is underway.
The new production plant is supplied with products and solutions essential for biopharmaceutical development and production, including Merck's dry powder cell culture medium.
This investment is the largest investment Merck has ever made in the Asia-Pacific region.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here to learn more about the project.
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