By Archibald Preuschat
AMSTERDAM--Dutch electronics company Royal Philips Electronics NV (PHIA.AE) said Thursday it is about start producing mid-priced scanners in India at its first imaging systems plant in the country.
The start of operations at the first facility Philips has built in the country in Chakan, near Pune, 200 kilometers east of Mumbai, follows a string of acquisition in recent years by Philips in India and other emerging markets, including China and Brazil.
The first products to be manufactured in the facility will be diagnostic X-ray systems and the Allura FC--Philips' first catheterization lab developed in India. The Allura FC is used in the diagnosis and minimally invasive treatment of cardiovascular disease, one of the leading causes of death in India. Both products are aimed at the value segment in India and abroad, the Dutch company said.
The global market for imaging equipment is worth 17 billion euros ($21.3 billion), Philips said recently.
Write to Archibald Preuschat at email@example.com
(END) Dow Jones Newswires
June 14, 2012 10:01 ET (14:01 GMT)
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