Updated on 29 May 2012
We are looking at healthy growth in emerging markets such as India, China and Brazil, with organic growth rate of over 20 percent against the growth of 10 percent being witnessed in the western markets, such as the US, and Europe.
What drives Sigma-Aldrich to look towards Asia region?
Mr Sachdev: The US and European markets have been very important for us. We have about 80 percent of the business from these two regions. We are still driving growth in these markets. We are also launching new products and platform technologies to increase our market share. In the last couple of years, we witnessed a low single digit organic growth in these two regions in the research space, while the fine chemicals space witnessed better growth.
Though the emerging markets contribute about 20 percent of our business, it has increased three times over the last couple of years. In the research space in emerging markets, we have grown at a low double digit rate. Also, our fine chemicals business witnessed a growth of close to 10 percent in the last couple of years.
What are the challenges before the company in the emerging markets?