OR WAIT null SECS
The Bio-analytical contract testing company Eurofins Scientific (Luxembourg) has started a new program of start-up openings to further enlarge its footprint in its fastest-growing markets.
The Bio-analytical contract testing company Eurofins Scientific (Luxembourg) has started a new program of start-up openings to further enlarge its footprint in its fastest-growing markets. This program follows the completion of its first laboratory start-up programs, which ran from 2010 to 2013.
Between January 2014 and the end of June 2015, the group opened 21 start-up laboratories. Fourteen more are planned by mid-2017 in Australia, China, France, Germany, India, New Zealand, and the United States.
In the United States, where Eurofins generated 34% of its revenues in the first half of 2015, and where regulatory catch-up, as well as the development of new market segments such as nutraceuticals, are expected to continue to drive strong growth momentum, Eurofins is accelerating its network expansion program, launched in 2014, to reinforce its footprint in the growing domestic food testing market. The Group recently completed two food microbiology-testing laboratories in Lancaster, Pennsylvania, and in Mounds View, Minnesota, and is constructing 10 small and medium-sized microbiology-testing laboratories across the country for samples where rapid initiation of analyses is critical. These new laboratories reportedly complement the group’s 11 existing food-testing sites, which include its competence centers for contaminants testing in Louisiana; for nutritional testing in Des Moines, Iowa; for dairy testing in Minnesota; for nutraceuticals testing in California; and seeds and plants testing in Colorado and Wyoming. These start-up laboratories are expected to provide additional platforms on which the group can further deploy its food testing methodologies based on advanced genomics technology.
Upon completion of the US network expansion program, expected in mid-2017, Eurofins’ food testing laboratory network will have a total of 23 laboratories across the United States, covering over 60% of its addressable local market, plus grain testing sites.