Development

Mindray Research Institute to be built in Chengdu Hi-tech Zone

By Huang Zhiling (China Daily Sichuan Bureau)
Updated: 2011-04-01 15:24

Shenzhen Mindray Bio-Medical Electronics Co., Ltd in South China's Guangdong Province signed an agreement with the Chengdu High-tech Zone in the capital of Southwest China's Sichuan Province on March 29.

According to the agreement, Mindray, which is China's largest manufacturer of high-tech medical equipment research and development, will set up its research institute and southwestern headquarters in Chengdu.

With a planned investment of more than 1 billion yuan, Mindray will build a technology and service platform for ultrasound, blood equipment and reagents.

When the project is completed in 2013, Mindray will have a research and development team of over 500 people in Chengdu and its sales revenue is expected to surpass 1 billion yuan.