Yokogawa establishes Yokogawa Innovation Switzerland as Center for Bio Business

By OEM Update Editorial July 31, 2020 5:25 pm IST

Yokogawa Electric Corporation announce that it has established Yokogawa Innovation Switzerland GmbH to build a strong base for its bioeconomy business through the provision of quick and proactive market research and development activities, and the introduction of cutting-edge biotechnologies. The new subsidiary was officially registered on June 26th, and business operations will start from August.

The new company will promote Yokogawa’s bioeconomy business through research and development and partnerships. It will focus on discovering research themes, promoting open innovation, and searching for business partners. To coincide with the opening of the new subsidiary, Yokogawa Europe’s existing Swiss branch for its industrial automation business has also moved to the same location as the new company.

The bioeconomy is considered to be an important pillar for building a sustainable society, and governments and corporations in many countries are concentrating on this field. To acquire technologies and expertise in the bioeconomy field, Yokogawa has already taken steps such as investing in AlgaEnergy, a Spanish company that is a leader in the production and application of microalgae.