Illumina Deepens Commitment to Customers in China with New Manufacturing Site

Rhea-AI Summary

Illumina (NASDAQ: ILMN) has opened its first manufacturing facility in Shanghai, China, aimed at enhancing local production of gene sequencing instruments and consumables. This site is expected to serve increasing demand in the Chinese market and become Illumina's third-largest global production operation. The facility will initially produce 16 sequencing reagents for clinical use, with full localization projected within five years. This investment underscores Illumina's commitment to China's life sciences sector and aims to increase efficiency in its global supply chain.

Positive

• Establishment of the first manufacturing site in China, enhancing local production capabilities.
• Expected to meet growing demand in the Chinese market for sequencing instruments and consumables.
• Initial production of 16 clinical sequencing reagents by the end of the year.
• Goal for complete localization of production within five years.
• Expected to become the third largest production operation globally.

Negative

• None.

Investment in new Shanghai-based facility will allow the company to better serve its customers and meet growing demand

SAN DIEGO, Aug. 30, 2022 /PRNewswire/ -- Illumina, Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, today announced the opening of its first manufacturing site in China. The new Shanghai-based facility enables localized production for Illumina's gene sequencing instruments and consumables and reflects the growing demand in the Chinese market for Illumina's systems and products.

"Our new manufacturing site in Shanghai will allow us to bring more of our innovative and life-changing technologies to the region," said Kevin Pegels, chief of Global Operations at Illumina. "This investment also creates greater efficiencies in our global supply chain to meet increasing customer demand in this critical growth geography."

The new Illumina China manufacturing site will initially produce 16 sequencing reagents for clinical use, with production on the first batch of products scheduled to begin by the end of this year. The company aims to achieve complete localized production for its gene sequencing instruments and consumables within the next five years.

"This investment in China signifies Illumina's commitment to China's vibrant life sciences and genomics industries," said Li Qing, senior vice president and general manager of Greater China at Illumina. "Illumina intends to further invest across the entire value chain in China, in pursuit of our mission to improve the health of people throughout China and around the world by unlocking the power of the genome."

The new manufacturing site is expected to become the company's third largest production operation globally and follows Illumina's recent opening of both its new Greater China headquarters and distribution center. Earlier this year, Illumina was honored by MIT Technology Review as one of the "50 Smartest Companies in China."  

About Illumina

Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit illumina.com and connect with us on Twitter, Facebook, LinkedIn, Instagram, and YouTube.

Investors:

Salli Schwartz
858-291-6421
IR@illumina.com

Media:

Adi Raval
US: 202-629-8172
PR@illumina.com

Sam Shen
China: +86 21 6032 1066
sam.shen@illumina.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/illumina-deepens-commitment-to-customers-in-china-with-new-manufacturing-site-301614546.html

SOURCE Illumina, Inc.

FAQ

What is Illumina's new manufacturing site in Shanghai, China?

Illumina's new manufacturing site in Shanghai will produce gene sequencing instruments and consumables to meet growing demand in the Chinese market.

When did Illumina open its Shanghai manufacturing facility?

Illumina opened its Shanghai manufacturing facility on August 30, 2022.

What products will be produced at Illumina's Shanghai facility?

The Shanghai facility will initially produce 16 clinical sequencing reagents.

What is Illumina's plan for localization at the Shanghai site?

Illumina aims for complete localized production for its gene sequencing instruments and consumables within five years.

How does the new Shanghai facility impact Illumina's supply chain?

The new facility is expected to create greater efficiencies in Illumina's global supply chain.