Kewaunee Scientific Corporation Opens First Facility in China

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Aug 13, 2014, 04:03 ET

STATESVILLE, N.C., Aug. 13, 2014 /PRNewswire/ -- Kewaunee Scientific Corporation (NASDAQ: KEQU), a recognized leader in the design, manufacture, and installation of laboratory, healthcare, and technical furniture products since 1906, today announced it had officially opened its first facility in China. The 10,000 square feet facility is strategically located in Suzhou Industrial Park in the general vicinity of Shanghai and also serves as Kewaunee's China headquarters.

The facility, which will primarily serve customers in the local China market, will be used as an assembly operation for products imported from the Company's other factories and for the stocking and distribution of Kewaunee fume hoods and safety cabinets. It also includes space for sales and project support staff, a product showroom, and a laboratory for SEFA and ASHRAE testing.

"We are extremely excited about our new Suzhou facility," said David M. Rausch, Kewaunee's Chief Executive Officer, who along with a number of other Company executives and local guests participated in the recent inauguration festivities at the facility. "China has been identified as one of Kewaunee's key growth markets, and this new facility, combined with an on-going expansion of our sales organization in the country, positions Kewaunee to build on its success in recent years in China. Our past business in China has included a number of government and private laboratory projects, including the prestigious Beijing Olympics drug testing laboratory. Also, many of China's current nuclear power plant test laboratories were provided by Kewaunee."

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. Products include steel, wood, and laminate casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin worksurfaces and sinks.

The Company's corporate headquarters are located in Statesville, North Carolina. Direct sales offices are located in the United States, India, Singapore, and China. 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. The Company has subsidiaries in Singapore, India, and China.

The Company's China headquarters, sales office, and assembly operation are located in Suzhou Industrial Park, China. Kewaunee Scientific's website is located at http://www.kewaunee.com.

This press release contains statements that the Company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements regarding the Company's future financial condition, results of operations, business operations and business prospects, are forward-looking statements. Words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "predict," "believe" and similar words, expressions and variations of these words and expressions are intended to identify forward-looking statements. All forward-looking statements are subject to important factors, risks, uncertainties and assumptions, including industry and economic conditions that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning these factors is contained in the Company's filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this document. The Company assumes no obligation, and expressly disclaims any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.