Ciba Specialty Chemicals marked the opening of its $20 million R&D center in Shanghai with an inauguration ceremony that included a senior management delegation from Ciba Specialty Chemicals, government officials from Shanghai, Swiss ambassador to China Dante Martinelli, and 200 VIP guests.
“I am very pleased to be here to open our newest global research facility and our first center of this type in China,” said Armin Meyer, chairman of the board and CEO of Ciba Specialty Chemicals. “It is a significant step in the implementation of our strategy to strengthen our presence in China. It also reflects Ciba’s belief that innovation is the key to profitable and sustainable business growth, everywhere in the world.”
It is foreseen that 100 scientists will work at the new R&D center, which is part of Ciba Specialty Chemicals’ global research network of more than 1,600 employees at 24 research sites.
Ciba Specialty Chemicals’ history in China goes back more than 100 years. Today, Ciba Specialty Chemicals has a presence in China that has expanded to three trading companies, six branch offices and 12 production sites. The company has invested more than $300 million in the China region. Its business in China has been showing steady double-digit growth during the last few years.