SINGAPORE, Oct. 27, 2012 /PRNewswire/ -- Heraeus announces the opening of a new Singapore facility to support expansion of their Medical Components Division. This Singapore expansion is focused on R&D and production of Materials and Components for the medical device industry. This facility will increase Heraeus' presence in Asia to more than 20 manufacturing facilities.
According to Dr. Nicolas Guggenheim, President of Heraeus' Medical Components Division, Singapore was selected as the new Medical Materials Development and Production Center in Asia for a number of reasons:
"Heraeus has a long tradition of being close to our customers and there has been a strong movement in the last few years by our major Cardiac Rhythm Management customers to relocate their medical device manufacturing to Southeast Asia. With the strong Asian investment in local startups, a strong base of new Asian medical device companies is growing in the region, which makes for a powerful mix of companies and innovation."High-tech hub Singapore "Being the first phase of Heraeus Medical Components' Asian operations strategy, Singapore is uniquely positioned as a premier high-tech hub providing access to a very technical and well educated workforce that can support our development efforts. Singapore's ideal location situated between Malaysia and Indonesia provides both Heraeus and our customers with nearby lower cost manufacturing and production options," said Dr. Nicolas Guggenheim. According to Mark Kempf, Executive Vice-President of Global Business Lines for Heraeus Medical Components, "the Division is also very fortunate to be able to leverage the existing Heraeus Singapore infrastructure, which includes one of the world's largest bonding wire facilities and that has already received approval by many of our top medical customers. With strong guidance and support from the Singapore government Heraeus Medical Components was able to quickly and efficiently ramp-up our new development and production center." Kempf has also been named Singapore General Manager and has relocated to Singapore. For more information about Heraeus Medical Components, please visit us at www.heraeus-medicalcomponents.com Heraeus, the precious metals and technology group headquartered in Hanau, Germany, is a global, private company with more than 160 years of tradition. Our fields of competence include precious metals, materials, and technologies, sensors, biomaterials, and medical products, as well as dental products, quartz glass, and specialty light sources. With product revenues of €4.8 billion and precious metal trading revenues of €21.3 billion, as well as more than 13,300 employees in over 120 subsidiaries worldwide, Heraeus holds a leading position in its global markets. SOURCE Heraeus