02 August 2013

Thermo Fisher Scientific Opens New Manufacturing Plant in Singapore

Singapore – 01 August 2013 -Thermo Fisher Scientific Inc. is expanding its global cell culture and bioprocessing capabilities by opening a new manufacturing plant in Singapore to produce dry powder media (DPM), a crucial cell culture raw material used to manufacture biologics, including vaccines, anti-cancer therapeutics, and others. The facility is the first-ever cell culture DPM production site in Singapore and is designed to address the increased global requirements from biopharmaceutical companies to mitigate critical raw material supply risks.

Located in Tuas, the 30,800 square foot (2,861 square meters) facility will provide critical manufacturing redundancy of DPM to help ensure a secure and uninterrupted supply to biopharmaceutical customers globally. The facility will also serve as an additional logistics hub for DPM distribution to Asia Pacific customers. According to a recent BCC research report, the DPM market in Asia has been estimated to grow to US$220million by 2016, representing a 20 percent compound annual growth rate, the highest in the world for media products.

“Asia continues to be our fastest-growing market and a central contributor to our growth,” said Greg Herrema, president of Biosciences at Thermo Fisher Scientific. “Our new Singapore facility further strengthens our global presence, expands our manufacturing infrastructure and establishes local production capabilities to meet increased demand for biologic drug discovery and development in Asia.”

According to the Singapore Economic Development Board (EDB), Singapore’s biopharmaceutical sector contributed about S$22.8 billion in output in 2011 and more than 6,000 jobs. In particular, Singapore’s eight biologics manufacturing facilities have invested approximately S$2.4 billion, and employ more than 1,700 people.

Singapore is committed to the development of the supporting industry for biologics manufacturing, through local talent development as well as with specialised infrastructure such as cold chain logistics services,” said Thien Kwee Eng, Assistant Managing Director, Singapore EDB. “We strongly welcome Thermo Fisher’s DPM facility, which would further strengthen Singapore’s supporting ecosystem and position us as the leading biologics hub in Asia.”

With revenues of $13 billion, Thermo Fisher Scientific Inc. has approximately 39,000 employees and serves customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as in environmental and process control industries.

Source: Thermo Fisher Scientific Inc.