Philips to establish plant for healthcare production in China

With a total investment of EUR 36 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 manufacturing facility will produce 64-slice CT and 1.5T MR machines, as well as X-Ray equipment for mid-sized hospitals.