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MarketScreener Homepage  >  Equities  >  Xetra  >  Merck KGaA    MRK   DE0006599905

MERCK KGAA

(MRK)
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Merck : Darmstadt, Germany, Opens State-of-the-art Research Center for Electronic Applications in Darmstadt

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09/21/2020 | 04:05am EDT
21 Sep 2020| Darmstadt, Germany
  • New building dedicated to Research and Development activities for leading-edge semiconductor and display materials
  • Scale up of Research & Development capabilities to further expand company's position as leading supplier for the electronics industry
  • € 50 million investment is part of wider € 1 billion investment to strengthen headquarters

Merck KGaA, Darmstadt, Germany, a leading science and technology company, officially opened its new Research Center for electronic applications on the campus of its headquarters in Darmstadt, Germany, today. With an investment of € 50 million the company created an innovative research hub to further advance innovations for the display and semiconductor industries.

'As our prime science and technology hub, our headquarters in Darmstadt offers tremendous expertise and capability for Research & Development work', said Kai Beckmann, CEO Performance Materials and Executive Board member of Merck KGaA, Darmstadt, Germany responsible for the Darmstadt site. 'This new Research Center for electronic applications is living proof of our commitment to become an even stronger partner for our customers through top-notch R&D'.

The building will be dedicated to Research & Development activities for next-generation materials, including display materials - such as innovative liquid crystals and quantum dot pixel color converters (QDPCC) - as well as semiconductor materials - such as photoresist materials, dielectrics and directional self-alignment materials (DSA).

After 33 months of construction it is planned that the new 11.000 square meters building will offer office and lab space for 140 employees. With a height of 38,5 meters, the new Research Center is one of the tallest buildings at the company's Darmstadt site.

The dynamic liquid crystal windows of the eyrise brand from Merck were installed in the building facade over an area of 300 square meters. These windows allow the adjustment of incoming sunlight in the building's conference rooms at the push of a button. In a matter of seconds, they protect against heat build-up and blinding sunlight without obstructing access to daylight or outdoor views.

The investment for the new building is part of the comprehensive investment program announced last year, under which the company is investing a total of € 1 billion in its corporate headquarters up to 2025 to create additional growth potential for the Darmstadt site. A new membrane facility for its Life Science business is under construction. Moreover, the company plans to construct a new Vocational and Advanced Training Center at the site.

Disclaimer

Merck KGaA published this content on 21 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2020 07:04:02 UTC


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Sales 2020 17 300 M 20 146 M 20 146 M
Net income 2020 1 724 M 2 008 M 2 008 M
Net Debt 2020 10 781 M 12 554 M 12 554 M
P/E ratio 2020 30,5x
Yield 2020 1,07%
Capitalization 55 282 M 64 424 M 64 376 M
EV / Sales 2020 3,82x
EV / Sales 2021 3,53x
Nbr of Employees 57 523
Free-Float 29,7%
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Number of Analysts 22
Average target price 126,95 €
Last Close Price 127,15 €
Spread / Highest target 18,0%
Spread / Average Target -0,15%
Spread / Lowest Target -20,6%
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Stefan Oschmann Chairman-Executive Board & CEO
Wolfgang Heinz Büchele Chairman-Supervisory Board
Marcus Kuhnert Chief Financial Officer
Christian Raabe Independent Member-Supervisory Board
Edeltraud Glänzer Independent Member-Supervisory Board
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