QIAGEN Further Expands Business Scope in Asia
New Hong Kong subsidiary creates regional hub and strengthens service capabilities to address new customer demands
VENLO, The Netherlands / HONG KONG, China, July 31, 2007 - QIAGEN N.V., the leading provider of sample and assay technologies for research in life sciences, applied testing and molecular diagnostics today officially opened its new subsidiary in Hong Kong. The location will serve as the Company's hub for its further business expansion in this region. QIAGEN is hereby strengthening its regional service capabilities and facilitates access to the full offering of the company's leading portfolio of sample and assay technologies throughout this region.
"Hong Kong is a focal point for science, healthcare and the fast developing market for biomedical research", said Dr. Frauke Ehlert, General Manager of QIAGEN China & Hong Kong. "Our new local team and infrastructure will allow us to increase our support of our customers for our sample and assay technologies in research, pharmaceutical development, applied testing and molecular diagnostics."
QIAGEN's Hong Kong subsidiary is a further step to expand the Company's presence in the rapidly growing Asian markets. With growth rates of over 60% Asia today is the Company's fastest growing marketplace. QIAGEN's strategic expansion into the region began in 2005. Today the Company maintains 12 Asian offices with approximately 300 employees. Including the subsidiary in Japan, they contribute approximately 15 per cent to the Company's overall net sales.
QIAGEN's business activities in Asia address in particular the growing demand for solutions in diagnostics and life science research. Demographic developments and the further growth of middle classes in many Asian countries are spurring the demand for diagnostic solutions and also catalyzing increased investments in science.
QIAGEN is the leading provider of state-of-the-art molecular diagnostic and testing solutions for infectious diseases. Asia is significantly investing in this area to protect from human and economic impacts. QIAGEN will also target the strong potential for HPV testing in Asia by providing its leading HPV testing solutions as well as new developments to this region. Sixty percent of the world's cervical cancer patients reside in the Asia Pacific.
About QIAGEN Asia QIAGEN Asia, headquartered in Shanghai, was established in 2006 as one of the company's regional organization. It today encompasses 12 locations in China, Korea, Malaysia, Singapore and Hong Kong, employing close to 300 employees. Products to customers in Taiwan, India, Thailand and Vietnam are sold via local distributors; Japan is an own entity within the QIAGEN organisation. Last year, QIAGEN received the Frost & Sullivan Award for Competitive Strategy Leadership in recognition of the company's strategic initiatives in the Asia Pacific molecular testing market. Asia is QIAGEN's fastest growing regional market.
About QIAGEN QIAGEN N.V., a Netherlands holding company is the leading provider of innovative sample and assay technologies and products. QIAGEN's products are considered standards in areas such pre-analytical sample preparation and assay solutions in research for life sciences, applied testing and molecular diagnostics. QIAGEN has developed a comprehensive portfolio of more than 500 proprietary, consumable products and automated solutions for sample collection, nucleic acid and protein handling, separation, and purification and open and target specific assays. The company's products are sold to academic research markets, to leading pharmaceutical and biotechnology companies, to applied testing customers (such as in forensics, veterinary, biodefense and industrial applications) as well as to molecular diagnostics laboratories. QIAGEN employs more than 2.600 people worldwide. QIAGEN products are sold through a dedicated sales force and a global network of distributors in more than 40 countries. Further information about QIAGEN can be found at www.qiagen.com.
Dr. Thomas Theuringer Dr. Frauke Ehlert Manager Public Relations General Manager China / Hong Tel: 0049-2103-29-11826 Kong Email: Tel.: 0086-21-38653811 email@example.com Email: firstname.lastname@example.org www.qiagen.com