# Thermo Fisher Scientific to invest $50M in new Suzhou life sciences plant

Thermo Fisher Scientific has signed a memorandum of understanding with Suzhou High-tech Zone to invest $50 million in a new factory in Suzhou, China. The plant will produce in vitro diagnostics and biopharmaceutical products and is expected to be operational by 2022.

- Type: Investment
- Announced: 2021-07-28
- Where: Suzhou, Jiangsu, China
- Value: $50.0M
- Starts operating: 2022
- Status: announced
- Products: in vitro diagnostics, biopharmaceutical products
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Thermo Fisher Scientific](https://endata.com/companies/7061.md)

## Sources

- [thermofisher.cn](https://www.thermofisher.cn/cn/zh/home/about-us/news-gallery/press-release-china/2021-07-28.html), 2021-07-28: "赛默飞本次投资总金额达5000万美元，预计于2022年建成投入使用。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.