Switzerland Announces Winners of Significant Investment Projects for 2010

Abbott, Bombardier, Hamilton Company, and Sigma-Aldrich Corporation presented "Tell Awards" by Switzerland's Ambassador to the U.S., H.E. Manuel Sager on October 26

Oct 18, 2011, 14:00 ET from Switzerland Trade and Investment Promotion

WASHINGTON, Oct. 18, 2011 /PRNewswire/ -- Abbott, Bombardier, Hamilton Company and Sigma-Aldrich Corporation will receive "Tell Awards" for Switzerland's most significant inward investment projects from the Americas region in 2010, reports Mario Brossi, North American senior advisor for Switzerland Trade & Investment Promotion. Now in their 7th consecutive year, the awards are named for the legendary Swiss hero William Tell and will be presented on October 26 by Switzerland's Ambassador to the U.S., H.E. Manuel Sager.

"Dating from 2004 the Tell Awards program has expanded from its North American focus to include significant investments from Central and South American firms," Mr. Brossi said.  The program has grown in terms of interest expressed in Switzerland and abroad. Awards are sponsored by the Swiss Embassy and Switzerland Trade & Investment Promotion.

The most significant expansion project award for 2010 goes to Illinois-based Abbott, the global health care company, for its new Established Products Division (EPD) in Allschwil, canton Basel Land.  This division focuses on developing, manufacturing and providing access to established pharmaceuticals in many international markets outside the USA. The new business in Allschwil incorporates the EPD senior leadership team, Global Marketing, Development, Supply Chain and Quality Assurance functions and currently employs about 270 persons, having added more than 100 employees in the last year.

Bombardier, the largest Canadian investor in Switzerland with 900 persons working at three sites in the country, is the recipient of the 2010 innovation award for its investment in product development TWINDEXX Swiss Express and MITRAC Train Control System. TWINDEXX Swiss Express is the new double deck intercity train generation for Swiss Federal Railways with more capacity, higher speed in curves, better comfort and less life cycle costs.  MITRAC system and the new permanent magnet motor are part of Bombardiers ECO4 technologies initiative. This innovation saves up to 10 percent of energy with 2.5 times higher installed traction power. In 2009 the company opened its new MITRAC Powerlab in Zurich to serve as the core competence center for locomotives and high power propulsion technology.

Hamilton Company, based in Reno, NV, will receive the award for the most significant manufacturing investment in 2010 for its manufacturing facility in Bonaduz, canton Graubunden, in what was originally an old army barracks. Today the company has 750 employees from 20 different countries in that location and has become a world leader in bio and medical technology.

The most significant headquarters project award for 2010 goes to Sigma-Aldrich Corporation for its new European regional headquarters in St. Gallen.  Named the "Einstein Facility" the headquarters will house approximately 50 key management personnel to more effectively serve customers and accelerate the growth of Sigma-Aldrich outside the U.S.  Sigma-Aldrich Corporation is a leading life science and high technology company whose products and services are used in scientific research, pharmaceutical and industrial development and as key components in life science and high technology manufacturing.

Previous corporate Tell Award winners are Edwards Lifesciences Corporation, Pall Corporation, Disney Research, Measurement Specialties, Baxter International, Yahoo!, Alcon Corporation, AGCO, Medtronic, CSL Behring, Merck & Company, Albany International, Intuitive Surgical, Johnson & Johnson, Autodesk, CEMEX, Electronic Arts, Kyphon, Microsoft, Amgen, IBM, Stryker, VeriSign, Celgene, eBay, Google and P&G.

"Despite the economic climate Switzerland continues to receive high marks in criteria supporting foreign domestic investments," Mr. Brossi said.  "Much of this relates to its competitiveness, which does much to offset its perception as a high-cost region.  This is borne out by the fact that for the third consecutive year Switzerland retained its number one ranking in the 2011-2012 Global Competitiveness Report published by the World Economic Forum."

SOURCE Switzerland Trade and Investment Promotion