UL Solutions (ULS) announced the opening of its new Retail and Consumer Products Laboratory in Ningbo, China, supporting the rapidly evolving needs of the retail and consumer product industry marked by changes in consumer expectations, sourcing strategies, regulatory compliance and demand for sustainable and innovative products. Strategically located in Ningbo, near the existing UL Solutions laboratory in Shanghai, the new 58,000-square-foot laboratory provides enhanced efficiency, faster response times and localized expertise to manufacturers in Greater China. This laboratory expands UL Solutions’ network in the Yangtze River Delta, a leading retail and consumer products manufacturing center, and is in close proximity to its existing laboratory in Shanghai. “Today’s opening of our new Ningbo laboratory demonstrates our dedication to safety and excellence in the retail industry,” said Jennifer Scanlon, president and CEO of UL Solutions. “Our investment here is a testament to how we are advancing our capabilities, expertise and infrastructure to help enable retailers’ success, both now and in the future.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ULS:
- Evnia announces strategic partnership with UL Solutions
- UL Solutions files lawsuit against Fly-E Group
- UL Solutions names new Chief Legal Officer Scott D’Angelo, effective April 21
- UL Solutions price target raised to $60.50 from $60 at Citi
- UL Solutions: Post-IPO Margin Expansion and Earnings Growth Potential