The biotechnology company is boosting its international expansion plans with the opening of new subsidiaries in the North America and India.
Following the opening of its subsidiary in Japan, AlgaEnergy is moving rapidly forward with its internationalization phase by opening offices in the United States and in India. AlgaEnergy N.A., Inc. has been established in the US to direct operations in North America, and MicroAlgae Solutions India Pvt. Ltd. has been organized in India to oversee AlgaEnergy’s growth in India and Southeast Asia.
“We are very pleased to announce the establishment of our business operations in North America and India & Asia as a first step in our international development” said Ry Wagner, Ph.D., President of International Agribusiness for AlgaEnergy S.A. “AlgaEnergy has been recruiting world-class leaders for these business regions as well as working to expand our business operations and leadership in other key regions of the world as we continue with our plans for a global business presence with our best-in-class microalgae-based biological products. As we work to establish strong partnership in these markets and onboard our senior leadership, I anticipate that we will make excellent progress toward our global business goals for 2019 and beyond”, Wagner continued.
With the support of the exceptionally strong team within the operations in Spain, AlgaEnergy will be opening additional subsidiary offices in a number of other countries in the near future and continuing to recruit world-class leaders according to the company’s internationalization plan “Project Victoria”.