Feburary, 2009, Elk Grove Village, IL
SynChem, Inc. is proud to announce today that it finished the $1.595 million acquisition of its new headquarters and research laboratory in Elk Grove Village, Illinois, with Union National Bank in Elgin.
"We really appreciate the great financial help from Union National Bank and Small Business Growth Corporation for our new laboratory upgrade in this extremely challenge financial environment." Said Dr. W. Paul Mar, CEO of SynChem, "Also it shows the strength of SynChem's solid management in last 11 years. This investment renews our commitment to our customers that we will continue offer the highest quality services to drug discovery, biotech and pharmaceutical industries. It also renews our commitment to society that we will continue our presence in the U.S. with our effective combined business model that has served our customers well in last 11 years."
"We were pleased to assist SynChem in the acquisition of the building and with the upgrade of the labs. It will allow the business to grow and improve its current operations further. Their research and discovery is important to so many people around the world. The principals Dr. W. Paul Mar and Dr. Zhiqiang Fang were a pleasure to work with and run a great operation." said Mr. Steve Kirby, Vice President of Union National Bank in Elgin.