Agilent Opens China Holding Co

PALO ALTO, Calif. -- Agilent Technologies Inc. (NYSE:A) today announced the formation of Agilent Technologies China Holding Co. Ltd., based in Shanghai, to consolidate its entities in China. With the launch of the new company, Agilent expects to expand its presence in this region, as well as accelerate business growth.

According to Agilent Chairman, President and CEO Ned Barnholt, China represents a significant opportunity for Agilent. "With its rapidly growing economy, China is Agilent's second biggest market," said Barnholt. "Through the formation of the new holding company, we are combining our different entities there to enhance our presence and achieve operational efficiency. We are also building a platform for further investment in China."

"Our presence in China dates back many years," added Barnholt. "Our first joint venture, in fact, was established 20 years ago when our company was part of Hewlett-Packard. Today, Agilent is involved in many activities in our China sites, ranging from R&D to manufacturing, sales and support."

Wayne Chan, president of Agilent Greater China, will oversee the operation and development of the holding company. "Today's announcement is another big step in Agilent's long-term plans for China," said Chan. "We expect to become more involved in a range of new activities that may include strategic investments and participation in joint ventures. Our ultimate goal is to position Agilent as the most innovative high-growth, high-tech company in the region."

Agilent Technologies Inc.