Thermo Fisher Scientific to Invest $50 Million to Expand Bioproduction Capabilities

May. 20, 2019
Expansion projects will increase single-use capacity to meet growing customer demand

WALTHAM, Mass., May 20, 2019 /PRNewswire/ -- Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that it is investing more than $50 million in its global bioproduction capabilities to provide additional capacity for manufacturing single-use bioprocess container (BPC) systems.

Thermo Fisher's single-use technologies are used for critical, sterile liquid-handling applications in the biopharmaceutical industry to help increase productivity and ensure quality in the production of biologic drugs.

"The demand for our bioproduction products and services continues to outpace the market," said Cory Stevenson, president of Thermo Fisher's Bioproduction business. "These investments will expand capabilities across our existing bioproduction network while we look to extend our footprint into new regions to meet increasing customer demand for our industry-leading single-use technologies."

In Cramlington, U.K., Thermo Fisher will expand assembly capacity and add BPC systems manufacturing. The proximity of these capabilities to customers in Europe will shorten lead times and improve overall global efficiency.

In the U.S., the company will expand cleanroom space for BPC chamber and related assembly production processes at its site in Logan, Utah, and further expand capacity at its site in Millersburg, Penn.

Construction is expected to be completed by the end of 2020.

About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. is the world leader in serving science, with revenues of more than $24 billion and approximately 70,000 employees globally. Our mission is to enable our customers to make the world healthier, cleaner and safer. We help our customers accelerate life sciences research, solve complex analytical challenges, improve patient diagnostics, deliver medicines to market and increase laboratory productivity. Through our premier brands – Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific and Unity Lab Services – we offer an unmatched combination of innovative technologies, purchasing convenience and comprehensive services. For more information, please visit www.thermofisher.com.

Media Contact Information:
Ron O'Brien
Phone: 781-622-1242
E-mail: ron.obrien@thermofisher.com
Website: www.thermofisher.com

Investor Contact Information:
Ken Apicerno
Phone: 781-622-1294
E-mail: ken.apicerno@thermofisher.com

Cision View original content:http://www.prnewswire.com/news-releases/thermo-fisher-scientific-to-invest-50-million-to-expand-bioproduction-capabilities-300853385.html

SOURCE Thermo Fisher Scientific

Thermo Fisher Scientific At a Glance

More than $24 billion in annual revenue and

70,000 Employees

Premier Brands

– Thermo Scientific

– Applied Biosystems

– Invitrogen

– Fisher Scientific

– Unity Lab Services

Read more

NYSE: TMO (Common Stock)Aug 16, 2019 04:01 PM

Exchange NYSE (US Dollar)NYSE

Price 276.15

Change +2.84  (+1.04%)

Volume 1,035,052

% Change

Intraday High 277.35

52 Week High 305.45

Intraday Low 274.25

52 Week Low 208.34

Today's Open 276.59

Previous Close 273.31

Minimum 20 minute delay

Investor Relations Kit

About Thermo Fisher Scientific

Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, with revenues of more than $24 billion and approximately 70,000 employees globally. Our mission is to enable our customers to make the world healthier, cleaner and safer. We help our customers accelerate life sciences research, solve complex analytical challenges, improve patient diagnostics, deliver medicines to market and increase laboratory productivity. Through our premier brands – Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific and Unity Lab Services – we offer an unmatched combination of innovative technologies, purchasing convenience and comprehensive services. For more information, please visit http://www.thermofisher.com.

The world leader in serving science