Release date: 2008-12-26
At a recent meeting, the sixth board of directors of Xinhua Medical approved a proposal regarding a joint venture with General Electric (China) Co., Ltd. This collaboration marks a significant step forward in the company’s strategy to expand its presence in the medical equipment industry. The new joint venture, named Xinhua General Electric Medical System Co., Ltd., will focus on the research, development, and production of diagnostic X-ray equipment, along with related components and software. It will also provide technical support, maintenance, and training services for these products.
The joint venture has a total investment of $25 million, with Xinhua Medical holding 51% of the shares and General Electric contributing 49%. This partnership aims to combine Xinhua's strong domestic market presence with GE's global technological expertise. The goal is to create a competitive product line that meets high-quality standards and serves both the Chinese and international markets effectively.
Xinhua Medical Devices Co., Ltd. is one of the leading companies in China's medical device sector, known for its comprehensive capabilities and wide range of products. These include sterilization and disinfection equipment, radiological diagnostic tools, surgical instruments, pharmaceutical machinery, environmental protection devices, disposable injection systems, and sterilization indicators. With this new joint venture, Xinhua is positioning itself as a key player in the development and production of advanced X-ray imaging solutions, leveraging cutting-edge technology to meet growing global demand.
This strategic move not only strengthens Xinhua's market position but also enhances its long-term growth potential. By integrating GE's international experience with its own local knowledge, the joint venture is expected to deliver innovative and cost-effective medical solutions that benefit healthcare providers and patients alike.
Hormone:
A chemical substance produced in the body that controls and regulates the activity of certain cells or organs. Many hormones are secreted by special glands, such as thyroid hormone produced by the thyroid gland. Hormones are essential for every activity of life, including the processes of digestion, metabolism, growth, reproduction, and mood control. Many hormones, such as neurotransmitters, are active in more than one physical process.
Endocrine:
Pertaining to hormones and the glands that make and secrete them into the bloodstream through which they travel to affect distant organs. The endocrine sites include the hypothalamus, pituitary gland, pineal gland, thyroid, parathyroids, heart (which makes atrial-natriuretic peptide), the stomach and intestines, islets of Langerhans in the pancreas, the adrenal glands, the kidney (which makes renin, erythropoietin, and calcitriol), fat cells (which make leptin). the testes, the ovarian follicle (estrogens) and the corpus luteum in the ovary). Endocrine is as opposed to exocrine. (The exocrine glands include the salivary glands, sweat glands and glands within the gastrointestinal tract.)
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