New State-of-the-Art Facility Will Support Continued Growth and
MILFORD, Mass.--(BUSINESS WIRE)--Apr. 3, 2018--
Following recent approval by its Board of Directors, Waters Corporation
(NYSE: WAT) announced plans to significantly expand its precision
chemistry operation in Taunton, Mass. The company anticipates investing
approximately $215 million to build and equip a new state-of-the-art
facility that will support rising global customer demand, as well as
ongoing innovation in chemistry technology.
The company's Taunton, Massachusetts site is responsible for bulk
synthesis of chromatographic media which is critical to sample analysis
for pharmaceutical, biopharmaceutical, materials, food, clinical and
biomedical research applications.
"Our portfolio of innovative precision chemistry products is critical to
scientific advancements in the life, materials and food sciences," said
Christopher J. O'Connell, Waters Corporation Chairman and CEO. The
expansion of our Taunton facility will ensure Waters customers continue
to benefit from the most innovative chromatography particle R&D and the
highest quality production in the industry."
The Taunton project is a noteworthy example of Waters’ capital
allocation strategy, which prioritizes investing for long term growth
and innovation. The return on this investment will be enhanced by the
company's access to capital following U.S. tax reform, as well as the
strong partnership of the Commonwealth of Massachusetts and the City of
The company plans to employ LEED certification standards as well as
state-of-the-art manufacturing and process technology to construct a new
center-of-excellence that meets output, cost, quality and sustainability
objectives. Specific plans remain subject to refinement, however the
company expects the new plant will be operational by 2022. Until then,
the existing Taunton facility will fully meet operational and growth
About Waters Corporation (www.waters.com)
Waters Corporation (NYSE: WAT), the world's leading specialty
measurement company, has pioneered chromatography, mass spectrometry,
and thermal analysis innovations serving the life, materials, and food
sciences for 60 years. With approximately 7,000 employees worldwide,
Waters operates directly in 31 countries, including 15 manufacturing
facilities, and with products available in more than 100 countries.
Waters is a registered trademark of the Waters Corporation.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180403005414/en/
Source: Waters Corporation
Bryan Brokmeier, 508-482-3448
Senior Public Relations Manager