This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ATMI LifeSciences And Austar Announce Completion Of Beijing Biopharmaceutical Manufacturing Facility

DANBURY, Conn., Oct. 25, 2010 (GLOBE NEWSWIRE) -- ATMI, Inc. (Nasdaq:ATMI) today announced that it has further extended its global biopharma manufacturing footprint with the opening of a new Chinese manufacturing facility as part of a joint venture with Austar, a Hong Kong-based comprehensive service provider to the China pharmaceutical industry.

The joint venture, ATMI Austar LifeSciences Limited, originated with the goal of producing and marketing high-end, ultra-clean sterile materials packaging for active pharmaceutical ingredients (APIs) and sterile pharmaceutical components to meet growing demand across the biopharmaceutical industry in the Asia-Pacific region. The new state-of-the-art manufacturing facility in Beijing, which was brought online today at an official Grand Opening ceremony attended by customers and Chinese FDA and government officials, represents a significant step toward that goal.

Under the joint venture agreement, ATMI Austar LifeSciences will be producing certain ATMI LifeSciences products, including Cleansteam TM products, with local blow-film extrusion and packaging converting lines using a copy-exact strategy. The new Beijing facility also offers potential expansion opportunities for ATMI's Integrity TM line of bioprocess vessels (BPVs) manufacturing, which management says could be rolled out directly as the Asian biotech market continues to emerge.

"This joint venture not only provides ATMI LifeSciences with access to the API and biopharmaceutical markets in Asia but also access to Austar's existing ISO Class V GMP-certified, cleanroom-based infrastructure that we can begin to leverage immediately," commented Mario Philips, General Manager and Senior Vice-President of ATMI LifeSciences.  "Together, under the ATMI Austar LifeSciences banner, we are working to create a new standard for advanced materials packaging for pharmaceutical manufacturing throughout the region."

The new Beijing facility's capabilities include blow extrusion of films and ultra clean packaging converting and assembly lines, for use in ultra-clean sterile packaging applications for steam or gamma irradiation applications. In addition to film extrusion and packaging converting lines, the facility also features warehousing and significant cleanroom extension opportunities. It will also serve as a back-up facility for ATMI LifeSciences' Hoegaarden, Belgium plant, providing enhanced supply chain security and contingency for ATMI customers globally. 

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs