Thermo Fisher Scientific Inc., a Waltham-based supplier of laboratory and scientific instruments, said Wednesday that it has established the China Innovation Center in Shanghai, significantly expanding its research, development, and training capabilities to support high-growth markets in the Asia-Pacific region.
Thermo Fisher Scientific is a global company with 39,000 employees and $13 billion in revenues. In giving an overview for its 2012 performance, it noted that it had expanded its footprint in what it describes as the Asia-Pacific market, including the opening of its fifth factory in China, a $20 million plant in Suzhou. Thermo Fisher Scientific views the region as “high-growth emerging markets.”
In a press release, Thermo Fisher said it has invested $9.5 million in the new China Innovation Center to support its rapidly growing R&D organization, which is expected to add 200 to 300 engineers during the next two to three years.
The China Innovation Center includes more than 30,000 square feet of biology laboratories, design-verification-test and application laboratories. An additional 10,000 square feet are reserved for training, allowing for multiple training courses to be taught simultaneously, said the company, which added that it entered the Chinese market three decades ago.
“China is one of our fastest-growing markets and continues to be a key contributor to our success,” Marc N. Casper, president and chief executive officer of Thermo Fisher Scientific, said in a statement. “The China Innovation Center builds on our well-established local presence and is an important next step as we align our product development efforts with investments in our manufacturing infrastructure.”