Updated on 16 July 2012
We see a shift from west to east in the last few years. The big pharmaceutical companies have been investing in the region and employing local talents and becoming glocal companies. At the same time the governments in the region have been focusing on issues such as healthcare, environment, wellness, food safety etc. These government initiatives are supporting the companies like Waters to deliver practical and scientific innovation through analytical technologies such as liquid chromatography, mass spectrometry etc.
How do you see the growth for Waters in APAC region in the coming years?
We have strong and direct presence in Asia pacific region in countries such as India, China, Korea and Japan and have subsidiaries in Singapore and Australia. However, in some of the emerging markets of South East Asia, we have been operating through channel partners. Considering the market trends and opportunities in the region, we are looking at a double digit growth. In India and China, we expect the growth rate in the range of 15-20 percent, while in matured markets like Japan, we are looking at single digit growth rate.
Looking at the growth rate in the region, mainly India and China, we have doubled the headcount in the last few years. We see pharmaceuticals market picking up in Indonesia, and Malaysia attracting investments in life sciences. Also, Singapore is likely to be the hub for R&D investments. We expect a continued growth in the Philippines, Vietnam, Thailand, Malaysia and Indonesia, and plan to have direct presence in Vietnam and Thailand in next few years.
How has the current economic crisis in Europe affected Waters' business?