Hungary's ThalesNano, which makes microscale flow instruments for chemical processes, has signed an agreement with Ikeda Scientific to distribute its products in Japan, ThalesNano announced.
ThalesNano CEO László Ürge told MTI that the company expects a big rise in turnover as a result of the agreement as Ikeda Scientific is market leader on Japan's chemistry and biochemistry research equipment market. Already eight of Japan's ten leading drug makers use ThalesNano products, he added.
ThalesNano signed a similar agreement with ITS Group in April to distribute its products in Singapore, Malaysia, Thailand, Indonesia and Vietnam.
ThalesNano's revenue rose 50% and was in the billions of forints in 2008. In dollar terms, turnover rose 63%. (MTI – Econews)