By Olivia Bugault

Merck KGaA said Friday that it will invest 18 million euros ($21.3 million) in the construction of an electronics technology center in China.

The German pharmaceutical and chemicals company said it has signed a memorandum of understanding with Shanghai Pudong Government for this purpose.

The center is expected to open during the first half of 2022, Merck said.

"Merck will provide local customers with comprehensive technology services and customized solutions to enable more and faster innovative electronic applications contributing to the advancement of China's electronics industry," the company said.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

November 06, 2020 01:48 ET (06:48 GMT)

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