Tecan Annual Report
Tecan Annual Report

24   GOVERNMENT GRANTS

 

2021

2022

CHF 1,000

 

 

Balance at January 1

16,876

22,391

Received 

5,012

7,960

Translation differences

503

30

 

 

 

Balance at December 31

22,391

30,381

 

 

 

Thereof current

 3,661 

4,170

Thereof non-current

18,730

26,211

 

In October 2020 the U.S. Department of Defense and the U.S. Department of Health and Human Services awarded a government grant of USD 32.9 million (CHF 30.0 million) to support the buildup of a U.S. pipette tip manufacturing for COVID-19 testing. Disposable pipette tips are key components for molecular tests for SARS-CoV-2 and other assays performed on fully automated, high throughput systems. 

 

The funding enables the Group to launch new production capacity in the U.S. and to increase the domestic supply for critical medical resources.

 

This government grant is related to the purchase and installation of new production lines reported in position property, plant and equipment (see note 19). The new U.S. manufacturing facility is expected to start producing pipette tips in spring 2023.