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Shimadzu Establishes Latin American Subsidiary

NEW YORK (GenomeWeb News) – Shimadzu today announced the creation of a wholly owned subsidiary in Uruguay to bolster its Central and South American business.

Shimadzu Latin America (SLA) will serve as Shimadzu's base in the region. Shimadzu do Brasil Comercio (SBL) in Sao Paulo was created in 1997 and had been coordinating Shimadzu's operations in Central and South America. As SBL's business within Brazil grew and Brazilian regulations limited SBL's trading activities with its neighbors, Shimadzu chose to create SLA, it said.

Uruguay "has free trade zones where foreign-capital organizations can establish a company easily, companies can have bonded warehouses, and the degree of financial freedom is high as compared to surrounding countries," Kyoto, Japan-based Shimadzu said.

In the spring, the company created a wholly owned sales company in Taiwan to expand its footprint there.

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