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Agilent finds new growth engine

Agilent

Agilent relies on its electronic measurement business for half of its revenues in China.

Most technology firms have suffered as consumers reduce their spending on hi-tech products in these tough economic times.

But the world's largest measurement equipment provider, Agilent Technologies Inc, has found a recession-resistant business: bio-analytical measurement.

With the Chinese government recently tightening its controls over food safety, healthcare and environmental protection, Max Yang, president of Agilent Technologies in Greater China, said demands for bio-analytical equipment to analyze the quality of products will see robust growth.

"As China pays more attention to areas such as food safety, environmental protection and public healthcare, demands for bio-analytical measurement is going to see significant growth in the next few years," Yang said.

Yang said Agilent has relied on its electronic measurement business for half its revenues in China.

But as the economic slowdown began affecting many of China's cell phone exporters, Agilent's electronic measurement business declined 20 percent by the end of last year.

However, Agilent's bio-analytical business in China was not affected by the financial crisis.

A series of safety scandals that killed Chinese citizens and hurt the international reputation of the country's exports occurred in the past few years.

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 Source : China Daily  Editor: Ivy
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