Singapore draws biomedical companies' first-in-Asia manufacturing/HQs, with investments exceeded $800 million in 2009

6 May 2010

Global biotechnology and pharmaceutical companies that seek to capitalize on Asia's growth story are locating first-in-Asia manufacturing facilities and headquarters offices in Singapore. Fixed asset investments from biomedical companies exceeded $800 million in 2009, according to the Island state government's planning agency, the Economic Development Board.

"Asia's growth presents tremendous opportunities but its diversity also poses challenges. In global companies' foray into Asia, Singapore can help to enhance manufacturing and business excellence to strengthen their foothold in Asia," said Beh Kian Teik, director, biomedical sciences, at Singapore's EDB.

Core site of manufacturing excellence in Asia

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