NEW YORK (GenomeWeb News) – Shimadzu's wholly-owned subsidiary in the United Arab Emirates has established another wholly-owned subsidiary in South Africa in order to tap into the southern African markets, the company announced today.
Shimadzu South Africa, established by Shimadzu Middle East and Africa on Oct. 1, will concentrate on the university and research markets in South Africa, the largest market for analytical and measurement instruments in the country, as well as the minerals, food, agriculture, and pharmaceutical spaces.
As the country moves away from mineral dependency to a knowledge-based economy, the government is doubling R&D as a percentage of gross domestic product and pushing for greater training of people in science, engineering, and technology, according to Shimadzu.
"This is expected to lead to increased demand for analytical and measuring instruments by universities and government research organizations," Shimadzu said in a statement.
Over the medium- and long-term, the firm expects to expand across the entire Sub-Saharan African region.
The South African operation is headquartered in Johannesburg and has 13 employees. In addition to South Africa, it will provide sales and services to Namibia, Botswana, Zambia, Zimbabwe, Mozambique, Madagascar, Lesotho, Mauritius, Seychelles, and Swaziland.
Shimadzu said that it expects the South African subsidiary to generate about $8.6 million in sales in 2012, with sales increasing to $13.2 million in 2014.