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Kewaunee Scientific Corporation, a recognized global leader in the design, manufacture, and installation of laboratory, healthcare, and technical furniture products, today announces that the Company’s Indian subsidiary has been awarded a significant turnkey contract from Laurus Synthesis (http://laurussynthesis.com), a subsidiary of Laurus Labs.
Laurus Synthesis is a leading Contract Development & Manufacturing Organization (CDMO) with a solid track record in supporting drug development and manufacturing programs of global pharmaceutical and biotech companies. Laurus’s state of the art facilities and experienced scientific teams have been supporting customers for over 15 years in meeting the challenges in drug development programs from early phase development to commercial manufacturing.
As mentioned in Kewaunee’s second quarter earnings release, the Company’s order backlog grew to $139.7 million on October 31, 2021. This is the highest order backlog in the Company’s history, increasing from $96.0 million on October 31, 2020, and $114.5 million on April 30, 2021. The Laurus Synthesis project will be delivered over the next eighteen months and will be reflected in the Company’s International segment.
“We are delighted to be selected as Laurus Synthesis’ laboratory construction partner for its greenfield laboratory project. This is a significant step in Kewaunee India’s business growth story and a demonstration of how our diverse and deep project delivery capabilities combined with our strategic customer-focus make Kewaunee the partner of choice in laboratory construction,” said Mr. B. Sathya Murthy, Managing Director & Vice President – International Operations, Kewaunee Scientific Corporation.
“Our continued investment to expand our international team’s capabilities over the past three years has further cemented Kewaunee’s leadership position in the markets we serve,” said Thomas D. Hull III, President and Chief Executive Officer of Kewaunee Scientific Corporation. “The evidence is found in customers such as Laurus Synthesis placing significant trust in Kewaunee’s India team to deliver laboratory facilities that will enable their future growth and discovery. Kewaunee’s team in India continues to execute our strategy to become the global supplier of choice with customers in the laboratory furniture and infrastructure markets.”
About Kewaunee Scientific
Founded in 1906, Kewaunee Scientific Corporation is a recognized global leader in the design, manufacture, and installation of laboratory, healthcare, and technical furniture products. The Company’s products include steel, wood, and laminate casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.
The Company’s corporate headquarters are located in Statesville, North Carolina. Direct sales offices are located in the United States, India, Saudi Arabia, and Singapore. Three manufacturing facilities are located in Statesville serving the domestic and international markets, and one manufacturing facility is located in Bangalore, India serving the local and Asian markets. Kewaunee Scientific’s website is located at https://www.kewaunee.com.
Contact:
Donald T. Gardner III
704/871-3274
