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Basel Areal Business & Innovation Welcomes BeiGene to Basel

by swisschambei in Business

The Nasdaq and Hong Kong Stock Exchange-listed company is dedicated to becoming a global leader in the discovery, development and commercialization of innovative, molecularly targeted and immuno-oncology drugs for the treatment of cancer. From its new location in Basel, BeiGene will manage its European clinical trial operations and prepare for the potential launch of its drug candidates outside of Asia. The new presence marks another milestone for BeiGene on its way to becoming a leading global bio-pharma company. Access to a large and highly skilled talent pool, a business-friendly environment and close proximity to the European market were key drivers of BeiGene’s decision to establish operations in Basel. Basel is home to several of the world’s leading oncology companies and a vibrant biotech hub. Many global life sciences companies manage their commercial activities from Basel. BeiGene has a global team of over 1,300 employees, including more than 500 people in its clinical team in China, the United States and Australia. The company has offices in China in Beijing, Guangzhou, Shanghai and Suzhou; in the United States in Cambridge, MA, Ridgefield Park, NJ, and Emeryville and San Mateo, CA; and in Europe in Basel, Switzerland.

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Worg Selects Basel Area for European Headquarters

by swisschambei in Business

Worg Pharmaceuticals has opted to establish its European headquarters at the site Allschwil of the Switzerland Innovation Park Basel Area. The Chinese biopharmaceutical company develops innovative therapies to treat allergies and autoimmune diseases. The Switzerland Innovation Park Basel Area will become the hub for the European activities of Worg Pharmaceuticals AG. Founded in 2018, the Chinese biopharmaceutical company is headquartered in Hangzhou and specializes in the development of innovative therapies to treat allergies and autoimmune diseases. The company is led by a management team from China, the USA and Europe. Business activities in Europe will, according to the company, include both drug discovery and the preclinical and clinical development of the global Worg portfolio. A team of top-class researchers in the fields of chemistry and biology will be formed with the aim of establishing extensive research collaborations with academic institutions across Europe. “Our goal is to bring an IND (Investigational New Drug) candidate onto the market every year”, Worg explains in its company profile.

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Hengrui to Establish Research Center in Greater Zurich

by swisschambei in Business

The Chinese life sciences firm Hengrui Pharma will establish a research and development center in Zurich. According to a press release issued by Steiner AG, the group has decided on Manufakt8048 for its new location, a business park concept which was recently opened this summer and developed by the general contractor. Here, Hengrui Europe Biosciences AG will rent premises covering a total area of roughly 1,260 square meters, the press release explains. “Greater Zurich is the ideal hub for our company’s technical development but also to further advance in the field of life sciences”, comments Slavoljub Milosevic, Vice President, Head of European Research Center, Biologic Drug Discovery at Hengrui Europe Biosciences AG. He adds: “The wealth of talent as well as the high concentration of innovative companies, universities and research institutions have strengthened our decision to establish our company here”. Hengrui is already represented in Switzerland: Hengrui Europe Therapeutics AG, its European headquarters, is based in Basel.

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Switzerland’s Jungfrau Expects More Chinese Tourists

by swisschambei in Business

The Jungfrau Region in Switzerland is looking forward to receiving more Chinese tourists, said Jungfrau Railways CEO Urs Kessler during a recent interview with Xinhua. A well-known scenic spot and snow sports resort, the Jungfrau Region is located in central Switzerland. At 4,158 meters above sea level, it is one of the main summits of the Bernese Alps. Its beautiful glaciers and snow scenes attract tourists from all over the world, and in 2001, UNESCO listed the Swiss Alps Jungfrau-Aletsch as a World Heritage Site. In recent years, Kessler said, Jungfrau Railways has received a large number of Chinese tourists, especially in 2019 before the outbreak of the COVID-19 epidemic. Jungfrau Railways offers an important means of transportation for tourists. Construction began on the pioneering project in 1896, and was completed in 1912. With a total length of 9.3 kilometers, the last station on the line, Jungfraujoch — Top of Europe — is 3,454 meters above sea level, making it the highest railway station in Europe.

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Bank of China Joins Geneva Banking Scene

by swisschambei in Business

With its new Swiss presence, Bank of China intends to play a pivotal role in promoting economic, trade and financial exchanges and cooperation between both countries. Bank of China, one of the country’s four largest state-owned commercial banks, has recently announced completion of the commercial registration of its Geneva branch. In July, the Chinese financial institution was included in the list of authorized banks and securities firms by FINMA, Switzerland’s Financial Market Supervisory Authority. In a press release, the bank said that it will focus on building a bridge for Sino-Swiss trade and investment, providing comprehensive trade finance products and commodity trade financial services to Swiss companies doing business with China and Chinese enterprises in Switzerland. These include food trader COFCO, which established its international HQ in Geneva in 2017, and shipping group COSCO, which followed a year later. In its statement, Bank of China also evoked the history of Sino-Swiss relations : Switzerland was one of the first Western countries to establish diplomatic relations with China and the first continental European country to sign a free trade agreement with China, in 2013. Today, Switzerland is China’s seventh largest trading partner in Europe and China is Switzerland’s largest trading partner in Asia.

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Swiss Textile Machinery Companies Report Successful ITMA Asia + CITME Exhibition

by swisschambei in Business

The recent ITMA Asia + CITME exhibition was marked by a strong showing from Swiss Textile Machinery members, in what was the sector’s first major face-to-face showcase since the pandemic restrictions. With an attendance comprised of 99% Chinese visitors, the show still proved a satisfactory venture, the Swiss companies reported. There was real product innovation, and meaningful customer interest, prompting a genuine mood of optimism among exhibitors. The event was held from June 12-16 in Shanghai, with 18 Swiss exhibitors, of whom 13 were Swiss Textile Machinery member companies. “Our members were first of all delighted to be able to meet their customers in person again,” says Cornelia Buchwalder, secretary general of Swiss Textile Machinery. “And the feedback was extremely positive regarding the post-pandemic future market situation. From an admittedly low base in recent times, we see a real revival in investment. “Despite the lack of many show visitors from other countries, it is still the case that China itself is a pre-eminent market for textile machinery – so it is the ideal place to restart our exhibition campaign.”

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Huawei and Temenos Announce Technology Partnership Agreement

by swisschambei in Business

During Huawei Intelligent Finance Summit 2021, Huawei and Temenos, the banking software company, announced a partnership to offer Temenos’ cloud-native core banking solution on the Huawei Public Cloud. Temenos is the first core banking software certified with Huawei infrastructure and Huawei Public Cloud. Geographically, the partnership covers Asia with a specific focus on China and it also includes Africa, Europe, Latin America and the Middle East. The partnership brings together the extensive cloud hosting, implementation, and integration strengths of Huawei and the power of Temenos’ industry leading banking software. The scope of the partnership covers sales and marketing, implementation and training. Financial institutions will be able to modernize their core banking systems on Huawei Cloud and benefit from elastic scalability, cost and operational efficiencies. Together, Temenos and Huawei will help banks of all sizes to go to market faster, open up new business models, and achieve industry-leading cost/income ratios. The two companies have demonstrated success and have a number of existing customers and successful projects in APAC. The two companies already see significant market traction and have a number of new prospects in the works. Temenos and Huawei will jointly go to market focusing on China and moving to the more regions with aligned marketing and sales processes.

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Clariant Expands In China by Opening a Joint Venture Production Facility in Cangzhou for High-End Stabilizer Additives

by swisschambei in Business

Clariant, a focused, sustainable and innovative specialty chemical company, announced the opening of a new world-class production facility for process and light stabilizers. The facility is jointly owned by Clariant and Beijing Tiangang Auxiliary Co., Ltd. (Tiangang), a privately owned producer and leading supplier of light stabilizers in China. Located within the Cangzhou National Coastal-Port Economy & Technology Development Zone in Cangzhou (Hebei Province), the facility forms the centerpiece of the partnership between both companies. It enables Clariant and Tiangang to continue their successful cooperation with an enhanced ability to fulfill the growing demand in China for high-end process and light stabilizers from local growth industries like automotive, textiles and coatings. “With this state-of-the-art facility, we enhance our ability to support Chinese customers with high-end stabilizers that fulfill their growing demands for sustainable solutions. It is through such expanded local production capacity, which is focused on fulfilling local needs and is supported by a strong local partner in Tiangang, that Clariant will keep outgrowing the local market,” said Conrad Keijzer, CEO of Clariant.

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Swiss Machinery Industry Benefits Big from Trade with China

by swisschambei in Business

According to annual figuresExternal link released on Wednesday, the Swiss MEM industry saw sales drop by 9.8% and incoming orders by 6.5% in 2020. The situation started to improve in the second half of the year with new orders in the fourth quarter of 2020 returning to the previous year’s level. This was thanks in large part to trade with China, which recovered quickly after the shutdown in the first quarter. “The Swiss industrial companies that do business locally or with exports with China were able to benefit quickly,” said Martin Hirzel, President of the Swissmem, manufacturing industry association, in an interviewExternal link with Swiss public television SRF. The Swiss industrial sector has boosted business with China with the help of the free trade agreement in force since 2014 – the first signed between China and a European country. The sector now exports four times more to China than two decades ago. Exports to the country making up 7% of all Swiss MEM exports.

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Kuehne+Nagel Acquires Chinese Logistics Provider Apex

by swisschambei in Business

Kuehne Nagel will be acquiring Apex International Corporation, one of Asia’s leading freight forwarders, especially in the transpacific and intra-Asia. At this point, both parties have agreed to not disclose any further transaction details. Detlef Trefzger, CEO of Kuehne Nagel International AG, said, “The combination of Apex and Kuehne Nagel provides us with an opportunity to offer our customers a compelling proposition in the competitive Asian logistics industry, especially in e-commerce fulfilment, hi-tech and e-mobility. We are looking forward to welcoming the Apex colleagues to the Kuehne Nagel family.” Following closing of the transaction, a minor stake of Apex shares is to remain with the experienced and entrepreneurial management of Apex. Furthermore, the company will then continue to operate separately within the Kuehne Nagel Group. Tony Song, chairman of the board of directors and CEO of Apex, added, “With Kuehne Nagel, we have found a strategic shareholder and logistics group with more than 130 years of heritage. We are sure that with this transaction, we will be able to add value for our customers’ supply chains and expand our global logistics network. We will complement Kuehne Nagel’s existing global air logistics team while offering our management and key talents unique career opportunities.”

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