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Home Industry News Merck KGaA wants to establish new business

Merck KGaA wants to establish new business

7th April 2009

Merck KGaA wants to increase profit over the long term by establishing new business, it has asserted.

This comment came from chairman of the executive board Dr Karl-Ludwig Kley as he addressed shareholders at the company’s annual general meeting.

At the assembly, investors approved a dividend pay of 1.50 euros (1.36 pounds) per unit, which is a 25 per cent increase over the past 12 months.

Dr Kley remarked 2008 had been a “good” year for the pharmaceutical company, adding it had a “sound” business model operating in several areas with different risk profiles.

He explained it was essential during the current times to consider potential hazards and have an even spread of them.

“The balance between the old and the new, between tradition and innovation, between pharmaceuticals and chemicals characterises our long-term course,” Dr Kley asserted.

As well as making Merck KGaA more “weather resistant”, the business will continue to create new products without turning its back on what has worked well in the past, Dr Kley concluded.

Founded in 1668, the firm now employs some 32,800 staff in 59 countries.

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