- The combined R&D and manufacturing facility will expand Philips’ presence in China to serve this high-growth healthcare market, building on previous investments.
- EUR 36 million (USD 54 million) investment in the Suzhou campus strengthens Philips’ imaging systems portfolio, building Philips’ leadership position in early diagnostics for disease prevention
Suzhou, China – Royal Philips Electronics today announced the establishment of an Industrial Campus for imaging systems in China, in an MOU signing ceremony with the Suzhou Municipal Government. With a total investment of EUR 36 million (USD 54 million) committed to its development in the next five years, the Philips campus will cover a total land space of 62000 m2 and will be located in the Suzhou Industrial Park. The facility will employ 500 people and will be completed by mid-2012. The campus will have integrated facilities of R&D, manufacturing, assembly and sourcing in one site. The state-of-the-art R&D center will employ a substantial number of R&D engineers and will develop imaging equipment for the Chinese market, adapted to the requirements of local hospitals. The manufacturing facility will produce 64-slice CT and 1.5T MR machines, which are mainstream imaging systems equipment in most of China’s provincial and city level hospitals, as well as X-Ray equipment for mid-sized hospitals. Hosting the ceremony in Suzhou, Mr. Steve Rusckowski, Executive Vice-President and Chief Executive Officer of Philips Healthcare said, “This investment will further enhance our presence in healthcare in China, adding to our joint venture with Neusoft and the recently acquired company, Shenzhen Goldway. We are now better positioned to help improve the accessibility and affordability of healthcare services in China with a complete product portfolio that serves both the market requirements for the value segment as well as more advanced specialized applications.” With the fast growth of the Chinese healthcare industry, and people’s rising aspirations for a better quality of life, many Chinese hospitals need to upgrade their medical equipment to provide better patient care and be more efficient. The imaging systems developed at the Suzhou campus will meet the specific needs of local customers. The Suzhou campus will also enable Philips to serve its global healthcare markets with a more complete portfolio of imaging solutions. Philips believes in a people focused and care cycle driven approach to healthcare. It centers on the needs of patients and care givers throughout the entire continuum of care - from disease prevention to screening and diagnosis through to treatment, monitoring and health management. Imaging systems are mainly used in the stages of early detection and prevention. |