Samsung Biologics to build first overseas factory in US!

Samsung Biologics while pointing out some of the major biological clusters in the Bio International Convention in San Diego recently stated that Samsung is going to build a new and advanced bio factory in the states of California, North Carolina, Washington DC, and Texas.

Samsung Biologics further said we are going to give very tough competition to the existing companies in the area. It would the largest South Korean company in the field of contract manufacturing company till now.

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Further said that Samsung Biologics has already begun the operation of its fourth mega plant in Songdo and Incheon. The combined production facility could reach  620,000 liters, which could be sufficient to fulfill 30 percent of the global demand.

Samsung’s fast-paced construction provides it a competitive edge on the global stage. Samsung Biologics has mastered securing a deal before its global competitors. If the US government gives the tax benefits to Samsung it could be beneficial for the whole sector.