Business Daily from THE HINDU group of publications Wednesday, Nov 15, 2006 ePaper |
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Corporate
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Announcements Marketing - Channels and Franchises HiMedia to distribute VWR products Our Bureau
Mumbai , Nov. 14 HiMedia Laboratories has entered into a joint distribution agreement with US-based VWR International Inc to exclusively distribute VWR's BDH line of chemicals in India. "VWR has a long-standing history of being a global leader in the distribution of laboratory products in North America and Western Europe. We are proud to be selected as VWR's strategic partner to bring its wide range of high quality products to the laboratory community in India," said Dr G.M. Warke, CEO, HiMedia Laboratories Private Ltd. VWR International also announced the establishment of a full service, wholly owned subsidiary to serve the needs of the pharmaceutical and biotech industry in the subcontinent. The Indian subsidiary, VWR Lab Products Private Ltd, will be headquartered in Bangalore, with a branch office in Mumbai. Neither company commented on the investment that went into the deal. The subsidiary will serve as a central resource for customer service, sales support and technical services for the Indian subcontinent. As a fully licensed Indian company, the new office has the ability to hire locally and conduct transactions in local currency.
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