logo
  

Merck Electronics Sector Projects Organic CAGR Of 3%-6% Between 2021 And 2025

Merck said its Electronics business sector is upgrading top-line guidance for the second consecutive time, and is targeting an organic compound annual growth rate (CAGR) of 3% to 6% between 2021 and 2025. Also, the company plans to invest significantly more than 3 billion euros in innovation and capacities of its Electronics business sector up to the end of 2025. The investment is a part of the business sector's Level Up growth program, previously announced by the company.

"Our highly attractive growth markets such as semiconductors and OLED are expanding at an increasing rate. By tapping into this momentum, we are significantly enhancing our growth prospects", said Kai Beckmann, Member of the Executive Board of Merck and CEO Electronics.

The company will continue to heavily invest in research and development in leading-edge material solutions and plans to spend more than 2 billion euros in long-term fixed assets.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U. S. Food and Drug Administration or FDA has issued a public health alert against Fulvic Care Powder and Tablets from Ontario, Canada -based Black Oxygen Organics due to elevated levels of lead and arsenic. The agency advised consumers not to use Fulvic Care Powder and Tablets from Black Oxygen or give the products to pets due to elevated levels of lead and arsenic. Alexander & Hornung, a business unit of Perdue Premium Meat Co., Inc., is recalling around 234,391 pounds of fully cooked pork products citing possible contamination with Listeria monocytogenes, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves ham and pepperoni products that come under various brands and produced on various dates. Sandoz, Inc., an unit of Novartis AG, is recalling one lot of deep vein thrombosis (DVT) medication Enoxaparin Sodium in the form of injection for the potential exposure to high temperatures that may have impacted product effectiveness, the U.S. Food and Drug Administration or FDA said in a statement.
Follow RTT