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SHL Signs LOI to Increase Investment in Taiwan
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October 7, 2008 [Taipei, Taiwan]: During today’s session of the 2008 Taiwan Business Alliance Conference, Scandinavian Health Ltd. (SHL) signed a Letter of Intent (LOI) with the Ministry of Economic Affairs committing to in principal a further $USD 100 million of investment in Taiwan over the next 5 years.

Founder and President of SHL, Roger Samuelsson, signed the LOI during a special ceremony hosted by Dr. Ching-Ming Yiin, Minister of Economic Affairs. A select group of other multi-national companies including Bayer, Siemens, 3M and Corning also signed similar agreements.

Commenting afterwards, Roger Samuelsson said “It is an honor to be here today and commit to further investments in Taiwan. Over the last few years, the drug delivery industry has seen amazing growth. As one of the key suppliers for our industry we need to match that growth with sustained expansion. Our goal is to expand our manufacturing facilities and improve our R&D capabilities locally. Most importantly, we will continue to hire more staff in Taiwan with a target of doubling in size over the next 3 years.”

Established in 1989, SHL is the world’s largest independent OEM/ODM manufacturer of Medical Devices, supplying many of the top global pharmaceutical and biotech companies. SHL continues to invest heavily in its manufacturing facilities to maintain product quality and offer customers the latest in manufacturing capabilities. The company has several manufacturing facilities in Taiwan and employs over 1600 people world-wide.

Steven Kaufman, Marketing Director of SHL who also attended the 2-day event said, “SHL has seen a lot of success recently and this is thanks in part to the government who are continually striving to improve investment conditions and create the right economic environment for foreign investors. The MOEA and TAITRA have done an excellent job promoting this event and we are pleased to participate today with so many other distinguished companies.”

 

About SHL

SHL is the world’s largest privately-owned designer, developer and manufacturer of advanced drug delivery devices. We have over 1,600 staff globally (1000 staff in Taiwan), with our primary design centers located in the USA and Sweden and manufacturing centers located in Asia.

SHL supplies auto injectors, pen injectors and inhaler systems to global pharmaceutical and biotech companies. Significant investment in R&D has enhanced our broad pipeline of “next generation” drug delivery systems. These innovative devices include a range of disposable and reusable injectors with fixed or variable dosing, enhanced precision and the ability to accommodate high viscosities.

Our organization consists of three distinct group companies:

SHL Medical
Designs, develops and manufactures advanced drug delivery devices for leading pharmaceutical and biotech companies

SHL Healthcare
Develops and manufactures equipment solutions for home, hospital and long term care use

SHL Technologies
Provides contract manufacturing and engineering services for the production of complex medtech and industrial products

For additional information visit www.shl-group.com or contact us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

SHL Media Contact
Steven R. Kaufman
Marketing Director
+886 932 111 460
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